USDJPY Swing Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend
Channel analysis on USDJPY
Trend Identification: Swing Downtrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 139.00, T2 - 137.50.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
Usdjpyshort
#USDJPY sell at 136.15 SL 136.34 Target 135.8 . #FOREX #CurrHello trading friends,
HOPE My posts are helping you to understand the logic.
#USDJPY sell at 136.15 SL 136.34 Target 135.8 . #FOREX #Currencypair
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.
Happy Trading
3 Highs setup in USDJPY. Below The Red Line!Hello Traders!
1. We see 3 consistent higher highs formed with no retracement broken .
2. Sell Below The Red Line .
3. Stop may be updated if the market breaks high before our entry is done.
4. I'll be posting a full tutorial on the 3 Highs setup during the coming weekend.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
USDJPY ANALYSIS FOR NEXT MONTH.weekly trend : bearish
daily trend : bearish
4 hour trend : be
1 hour trend : bullish
after the downside rally from 142 level, we can see a 78% retracement back to 141.5 levels mitigating all imbalances in between & testing the stronger high.
a strong short opportunity at those levels. for this week & next week.
#USDJPY it's possible to sell#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
136.144
Next Zone area & horizontal swing Low support
1st Resistance
146.840
Zone area & horizontal swing high resistance
USDJPY TRADING SETUPUSDJPY 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 the trade with stop loss at Resistance i.e high of Rectangle.
With breaks upside then wait for price action to form. No buy trade in USDJPY.
ENTRY=138.33
TARGET=136.34
SL=138.90
COMMENT BELOW YOUR IDEA
GIVE A LIKE IF YOU AGREE WITH MY SETUP
usdjpy small intraday shortusdjpy i am looking for sell.
30 min chart supply area + s&r area. price going up but AO coming down.
Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves.
warning: Note! The Analysis video shared here are for educational/informational purposes only.
USDJPY: A DIAGONALTheory:
DIAGONAL:
Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1.
Properties Of Diagonals:
Diagonals can be contracting or expanding type being expanding diagonal a rare one.
In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2.
In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2.
Types Of Diagonals:
LEADING DIAGONAL
ENDING DIAGONAL
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began.
USDJPY Trading Plan - 27/Jun/2022Hello Traders,
Hope you all are doing good!!
I expect USDJPY to go DOWN after finishing correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea