Usdjpyshort
#USDJPY Inverted Head and Shoulder formationAs seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
USDJPY Trend Analysis over H4 Chart.Overall, USD/JPY is trending upwards.
Japanese banks will be closed today in observance of Coming-of-Age-Day. Expect lower trading volume and volatility during the usual Japanese market hours.
USD/JPY’s next support zone is at 115.300 and the next resistance zone is at 118.000.
Look for short-term selling opportunities of USD/JPY.
USDJPY potential dump incomingpossible scenario according to me on USDJPY- we have touched RWL (lowest point which the price can travel through the week) which was the level 1 drop of 1/4 hours cycle, + with this current continues drop a lot of retail traders fomo in to short and definitely MM have to shake out them before going for level 2 & 3 so they used todays news for this purpose as mm already knows what news is going to come and it will be positive or not, since we have touched RWH we really expect a good amount of distribution and spike to the high with stopping volume for wed- thus and on friday they should start going to break down for the reset of weekly levels (RWH&RWL) then we should go for RWL again till mon-tue and form W at wed and then same weekly cycle.
USDJPY Mark down phase starting!USDJPY) completed 4 hours cycle and 1 hour cycle, breakout of 1 hour cycle , divergence in 4 hours , M formation in JPY pairs, stopping volume, 3x ADR, RWL touched, BIG M pattern , stop hunt done type 2 london pattern.
USDJPY dropping , gold going for level 3 , AUDUSD big W formation playing out it just looks very perfect
and the best thing is that we have formed M pattern on Wednesday just like in previous EURUSD when we got that second leg stop hunt and it played out pretty perfectly
this distribution inside psy levels and that stop hunt is just soo perfect
there is a m pattern with shark fin + m pattern in chart too
We started this 4 hour cycle exactly 1 month ago! so if 15m in cycle works for 3 days and 1 hour cycle works for 2 week then this 4 hours cycle is PERFECTLY aligned with 1 month timeframe!!!!!!!!! (USDJPY)
so we can saw that this 4 hours cycle was a combo of 2 mark up 1 hour cycle that why on 1 oct that 1 hour cycle didnt work out and went straight for 1more 1 hr cycle to the upside
USDJPY Mark down phase starting!USDJPY - formed a M pattern (at Wednesday (mid week rev.)) + good stop hunt rise in the second leg + at the peak of each leg we got NY reversal + reached 3x ADR (RWL) + Stopping volume in 4 hours at both legs + BIG divergence in 4 hours + pairs against USD are forming W at 1 hour for 1 hour mark up phase + potential target - dont forget about 4 hours W we might go in level 2 retrace to daily 50 ema which is close to psy high
usdjpy short then longNotice that both weekly and daily candles closed with very strong bullish momentum. I expect a .618 retracement after the impulsive buys that happened this week and then we continue upwards again to 112.404 price level . Upon market open by Sunday night, I will be looking out for my sell confirmations. before buying up.