USDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Usdjpyidea
USDJPY 1H BUY PROJECTION 19.09.24Reason for Bullish
USDJPY Correlation
In fact, what drives the USD/JPY pair the most is monetary policy divergence between the Fed and the BoJ and risk sentiment. In normal times, when there's risk on sentiment you can see the USD/JPY appreciating all else being equal, while during risk off flows you can see the JPY gaining strength.
USDJPY Lastwave - Big Drop SoonUSDJPY 1D Timeframe Projection
DISCLAIMER: All labelling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
USDJPY May 27, 2024 Has the price started to rise?Looking at the H1 chart we see that the price is in wave 4
- Wave 4 target at price range 156.55
- Then the price continues wave 5 with wave targets at 157.4 and 157.83
We watch to buy at 156.55 after the candlestick reversal signal appears
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USDJPY May 22, 2024 Will the rising wave continue?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Looking at the H1 chart with the current wave counting method we see
The correction process has formed 3 waves abc
- Currently, the price continues to increase following the trend of large wave 3
- We have the main confirmation threshold at 156,554, this is the confirmation area that the temporary adjustment process has ended.
- Once the price maintains above the 156.554 area, the price will develop very quickly because wave 3 moves quickly and sharply.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USDJPY May 20, 2024 Is this price increase over?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Based on the Elliot wave principle, we analyze the H1 chart
We see that the 5-wave small structure has completed on the H1 frame after which the price entered the corrective wave abc.
- Looking at this correction structure, we see that wave a b c has completed, the price is in the stage of completing the next rising wave.
- The adjustment process is officially determined when the price breaks out through the 155.98 area
- In the trading plan, we expect a good buying zone at the price range of 155.6 with TP at the 159 zone.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USDJPY week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
With the BOJ's intervention becoming increasingly clear, people are expecting the BOJ to increase interest rates 3 times this year and will begin the first increase in June.
We use the Elliot principle to analyze the USDJPY chart
We see both the big wave level in purple and the small wave level in blue, meaning the price is completing wave 5. Deekop measured the expected goal of completing wave 5 in two price ranges, the price range 159.2 and the price range 164.3. At these price zones, there may be a reversal zone, then the USDJPY price will enter the ABC correction wave.
This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USD JPY Pullback expected !!!The price has cleared 151 lvl and halting near the resistance 151.950 or 152 as rd fig
this resistance is monthly high
expected the price to go sideways and make a build up before making the breakout
also as decided in the post of DXY, similarly here some fair value area are let behind after strong one side up move
149.700 to 149.550 there is good fvg to trade on
thereafter 148.300 148.900 which is little less probable to see upto next week
(only there is no breakout above 152 level)
USD JPY trade setup price is reversing from 149.578 without testing resistance which mean a lack of buying liquidity
the following previous green long candles left behind imbalance which have created fair value area
with applying fib to draw the PD area
149 to 148.781 is above discount zone which will hold less impact
whereas 148.500 to 148.300 is the zone where we can look for trade and for the target of 149.995 and stop loss based on risk taking capability
USD-JPY Trade Setupprice 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 price reach 151.500 first before coming towards our buying zone then the trade we be cancelled
USD/JPY Trade Setup1. 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
(avoid entering direct on 0.5 without confluence)
(previous trade got out with small SL, then we saw a parabolic upside this is why sl is important)