Scalping usdjpy buy 148.296
Stop loss 147.610
Take profit 150.107
Lot size recommended 0.01 for 100 usd equity
Lot size recommended 0.10 for 1000 usd equity
Lot size recommended 1 lots for 10000 usd equity open this trade and thanks me later✌️✌️✌️✌️✌️
This is for short term
Marked Possible Buy zone
Wait for FOMC release
Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter
And this is risky too.
Please DYOR before entering the trade.
price is at resistance zone of 151.144 and 151.380
after the recent break of structure there is open order block to restest
also there will be small liquid or inducement zone that need to be triggered
for next upside
150.432 and 150.246 is the buying area
with stop loss of 150 rd figure
and target of 151.500
with risk to reward 1:3
condition to avoid if...
US dollar from past few months have been very strong , but finally it has reached to the 151 level in USDJPY pair also this is a psychological level which is a strong resistance zone for the price , can sell now and aim for 1:2RR
As you can see that, USDJPY has formed a good resistance in 15min Time frame, if it gives breakout then we can plan for buy side. Take retest entry and plan your trade accordingly.... This trade is for monday (25-09-23).....
Sept #2 Trade :
TP1 = 1:2 RR
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given...
usdjpy has been rallying all the way from april and a little bearish move during 6-13 jul 23
now the price has reached almost to the previous high and resistance zone on daily time frame
we noticed the price has created the evening star pattern (bearish)
and on medium time frame price a made impluse movement seems like liqudity grab
and with two candle...
As you can see that, In 1Hr Time frame USDJPY has created a head and shoulder pattern. if it breaks the drawn neckline level then we can plan for sell side. This set-up is for monday (21-08-23) Plan your trade accordingly....
1. for pullback trader or people on short side will trade based on lower low and lower high formation
but price movement on down side is bit slow and steady
if price reacts on 2nd poi but,
does not break the recent (internal lower low) of 141.500
and makes higher low this make the short trade very choppy mind exhaustion
2. for long side trader price might...
1. Trade pullback ?
>>> let price get back to POI for entry with sl above POI
(offers good R:R)
>>> follow the lower high lower lows pattern
>>> exit on price switching to higher low
2. Conservative Trade ?
>>> wait for the price to get a DISCOUNTED ZONE
(fib 0.5 from recent swing low to high)
>>> long on swing making higher low and higher high
USDJPY – What's the intervention threshold?
In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change...
As you can see that, From past 1week USDJPY is in uptrend and now it is going to take some consolidation and pullback like SMC. Created a horizontal good support and it is good to scalp and capture some pips. take retest entries. plan your trade accordingly....
As we can see that USDJPY has created an Inverted Head and Shoulders in 1HR Time frame, If it breaks the neckline and again it retest the level then we can plan for buy side. Plan your trade accordingly...
Symbol USD jPY
Time frame 2 hours
Analysis; Break out from the down Trend movement.
Buy at 131.023 stop loss 130.55 target is 132.8
risk 2 reward ratios 4.8
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.