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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

Short On USDJPY Sell Entry On USDJPY As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)" "Below All Conditions Are Meet To Take Sell Entry On USDJPY" (1) Entry Price - 1.33082 (2) Stop Loss - 133.712 (3) Take Profit - 131.255 TIMEFRAME - 1 HOUR Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where , "C" Stand For - CONDITION (1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level). (2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level). (3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area. (4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area. (5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form. "E" Stand For - ENTRY (1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow. (2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow. "S" stand For - STOP LOSS (1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread). (2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread). "T" Stand For - TAKE PROFIT Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% . Risk - Reward Ratio - 1:3 "B" Stand For - BREAK-EVEN (1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even. (2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even. NOTE - Consistency & Discipline Is A Key Element Of Success.
Short
by Roh_Gupta94
Short On USDJPY Sell Entry On USDJPY As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)" "Below All Conditions Are Meet To Take Short Entry On USDJPY" (1) Entry Price - 132.562 (2) Stop Loss - 133.082 (3) Take Profit - 131.054 TIMEFRAME - 1 HOUR Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where , "C" Stand For - CONDITION (1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level). (2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level). (3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area. (4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area. (5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form. "E" Stand For - ENTRY (1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow. (2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow. "S" stand For - STOP LOSS (1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread). (2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread). "T" Stand For - TAKE PROFIT Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% . Risk - Reward Ratio - 1:3 "B" Stand For - BREAK-EVEN (1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even. (2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even. NOTE - Consistency & Discipline Is A Key Element Of Success.
Short
by Roh_Gupta94
USDJPY lures buyers ahead of Japan GDP, US inflationUSDJPY snapped a three-week uptrend as traders await Japan's Q4 GDP and the US Consumer Price Index (CPI) with mild losses by the end of Friday. While a U-turn from the 50-DMA played a major role in calling bears, the bulls aren’t off the table as the pair remains beyond the previous resistance line from late November, around 129.00. Even if the pair breaks the resistance-turned-support line, January’s bottom around 127.20 and May 2022 low near 126.35 will be crucial for the pair sellers to conquer before taking control. It’s worth noting that the RSI appears mostly steady and favors the trend line break out. Alternatively, the 50-DMA surrounding 132.30 appears immediate hurdle to restrict the immediate USDJPY upside. Following that, January’s peak near 134.80 and the 200-DMA near 136.80 could act as additional challenges for the bulls to cross before approaching the driver’s seat. It should be observed that the 50% Fibonacci retracement level of the pair’s May-October 2022 upside, around 139.10, precedes the 140.00 round figure to act as the last defense of the pair bears. Overall, USDJPY bears are less convinced ahead of the key data/events.
by MTradingGlobal
Symmetrical Consolidation in USDJPY.Hello Traders! 1. We have a symmetrical consolidation pattern in USDJPY on multiple tfs. 2. The consolidation appears to be more bullish than bearish. 3. PNL has been set for entry and stop levels. Stop levels may change in case stop level gets hit before the entry is done. 4. Always take a slight buffer when going towards buy side since there is pip difference in buy and sell prices. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Long
by UnknownUnicorn27677748