USDJPY is trading at supply zone at all important time frames which is High Resistance Level.
At 4hr and 1D Double top pattern has been formed which is extremely bearish in nature.
A range has been formed in 1HR time frame.
Looking for breakdown of that range that I have marked in Rectangle. As range breaks, with confirmation of volume and candle, I will enter...
usdjpy i am looking for sell.
30 min chart supply area + s&r area. price going up but AO coming down.
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warning: Note! The Analysis video shared here...
USD/JPY – The Greenback rallied against the Japanese Yen at 136.05 at the New York close from Friday’s opening of 135.65. The 10-basis point rise in the benchmark US 10-year bond yield (3.08%) contrasted with a flat finish in Japan’s 10-year JGB rate of 0.24%. Which had more impact on USD/JPY than the assassination of former PM Abe.
Looking for Buying Opportunities in it.
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Its creating wyckoff in 5min time frame.
There is a maximum chances for reversal.
Don't miss the opportunity to short.
Before entering the trade do your own research.
Fore reference in.pinterest.com OANDA:USDJPY
USD JPY reached Monthly and Weekly High.(Check Monthly and Weekly Time frame) for reference.
We can expect reversal from the order block zone.
Use Minimal stop loss to avoid major loss.
Before entering the trade DYOR.
FOREXCOM:USDJPY
Hi Everyone
This is an Neowave Count for USD/JPY. This currency pair is trading in wave-5 of intermediate degree.
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Triangle patter formation on USDJPY on a 1hr timeframe !
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Usdjpy is unfolding in a complex corrective structure as a double zigzag. One should sell on rise near 113.6-113.7 keeping SL of 114.05 for tgt of 112.9 .
