Usdjpyshort
USD JPY LONGSept #2 Trade :
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
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 market scenarios. A full version of the disclaimer is available in our profile description.
breakdown ?? real or fake 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 previous 5-6 candles got overlapped from resistance (bearish)
price was forming a flag and pole like pattern and looked failed as price tried to breakout but it got rejected and came back into the zone of flag (bearish)
the actual breakdown will occur after the level of 144.500 is taken down
it is the higher low swing and closing below this level it will indicated selling pressure and change of trend
Usdjpy short possible Usdjpy sell now @145.787
Sl 152.000
Target one 143.723
Target two 141.180
Target three 138.638
Target four 135.019
Target five 130.409
Target six 127.500
Target seven 117.095
Open this trade with 0.01 lot each position open seven positions i recommend all of you only open this trade if u have equity more than 500 usd then only open this trade otherwise ignore but if u r opening this one then sureshot i am guaranteed that u will make 1000 usd plus profits with my this forex signals open this trade and thanks me later
#forexsignals
#forextrader
#forexsignals
#forexanalysis
USD/JPY the two ways to trade (long and short) logic1. 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 defend the low of 141.500 well and breaks above the both POI wait for the retracement
or
let the price complete the chart pattern of CUP AND HANDLE
(well the chart pattern is just a assumption do not trade before the completion)
My Today's Learning
candle CLOSE & pattern COMPELETION is the key
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)
USDJPY – What's the intervention threshold? 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 still). The BOJ intervened once more in October when the yen further plummeted to its lowest level in 32 years, reaching 151.94 against the dollar.
At present, investors hold a substantial short position in the yen, valued at $9.793 billion, representing the largest such position in the USDJPY since May 2022. This value has nearly doubled in just the past three months. Notably, former Japanese Vice Finance Minister Eisuke Sakakibara has suggested that the USDJPY could reach 160 before the BOJ intervenes once again.
However, the USDJPY has recently built a bit of a buffer between itself and whatever the intervention threshold is for the BoJ. Over the past two trading days, the US dollar has weakened, largely due to remarks made by Federal Reserve officials. These statements have strengthened the belief that the US central bank is nearing the end of its tightening phase.
It is widely anticipated that Fed policymakers will implement a rate increase during their upcoming meeting this month, which would set the policy rate range at 5.25% to 5.50%. However, the timing of any subsequent rate hikes remains uncertain. There are questions whether they will raise rates again in September, delay until November, or maintain the current stance and allow inflation to naturally subside over time.
Consequently, the US dollar has experienced a decline against the yen, reaching a low of 141.32 yen, the lowest level observed since June 21. Currently, it is down 0.5% at 141.328. This drop follows a decrease of nearly 1.3% seen last Friday when the US nonfarm payrolls for June fell short of market expectations at 209,000.
USDJPY Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend
Trendline 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 = 143.375, T2 - 143.00. Check for Entry and Stop-loss.
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.)
Mutiny Sends Ruble to Lowest in 15 Months Mutiny Sends Ruble to Lowest in 15 Months
In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially catapulting to approximately 87 rubles per US dollar, the ruble later recovered some of its losses, settling at around 84.40, down 0.90% against the greenback.
The Wagner group, led by troops loyal to their leader, made an unexpected advancement toward Moscow, covering hundreds of miles before eventually reversing course. In a deal struck with the Kremlin, it is reported that the group's leader, Prigozhin, will go into exile in Belarus. This incident is regarded as the most significant challenge to Vladimir Putin's rule and could weaken his leadership.
The armed uprising also caused volatility in other markets. The international benchmark, Brent crude, rose by 0.8% to approximately $74 per barrel. The trading volume between the Russian ruble and Tether's USDT nearly quadrupled from $4 million on Saturday to $15 million on Sunday.
In other developments, the Japanese yen strengthened by 0.11% against the US dollar, trading at 143.50 per dollar. Vice Finance Minister for International Affairs, Masato Kanda, stated that Japan was not ruling out intervening in the currency markets again. He expressed concerns about the yen's rapid and one-sided depreciation against the dollar. Japan previously intervened in the foreign exchange markets in September and October of the previous year when the yen hit a 32-year low of nearly 152 per dollar.
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.)
#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