JPYUSD trade ideas
USDJPYUSDJPY forming divergence near resistance. Entry to be triggered once candle closes below TRENDLINE and EMA.
USD JPYUpdate:
If it breaks the strong resistance zone, then looking for for Long position.
Use proper risk management.
Thank you
USD JPYStill waiting for a short on UJ. It didnt break the strong resistance zone.
Use proper risk management.
Thank you
usd/jpy1.Pair is uptrending
2.Price retraced to previous resistance level
3.50 EMA was supporting the price
4.Also,FIB Golden zone was exactly at the similar levels
USDJPY LongsI'm looking for USDJPY Longs, Weekly and daily bias of this market is bullish, it also broken H4 & H1 Lower Highs and made Higher High, so i'm looking for price to come down and mitigate the Bullish OB
USDJPYThe USD/JPY forecast sees the pair move into a corrective phase after registering strong upwards movement. Forex day traders were probably expecting a temporary decline was expected and natural. If you are looking for day trading brokers, check out our guide. In the short term, the rate reached a strong support level, so it could start increasing again. Still, we’ll have to wait for confirmation as the pressure remains high.
From the technical point of view, the USD/JPY pair has printed a continuation pattern, but this is far from being confirmed. The pair is trading in the green at 113.73 at the time of writing as the Dollar Index has registered an impressive rally.
DXY’s further growth helps the USD to appreciate versus its rivals. Also, the Japanese stock index, the Nikkei, has started to grow after failing to make a new lower low.
The USD started to increase again after Powell’s remarks at an online conference hosted by the South African Reserve Bank on Friday.
Also on Friday, the US Flash Services PMI was reported at 58.2 points versus 55.3 expected and compared to 54.9 in the previous reporting period signalling further expansion. The Flash Manufacturing PMI dropped from 60.7 to 59.2 points below 60.5 expected announcing a slowdown in expansion.
Tomorrow, the BOJ Core CPI and the US CB Consumer Confidence could have a big impact on the USD/JPY pair.
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
#short USDJPYAfter long bull run USDJPY Consolidate around 114.699 to 113.948. its look like after a long bull run market may retrace to 0.786 of fibionachi ration which is 113.579. so if market follow the above analysis then we could go for short for good risk and reward ration(1:3).
USD JPYLooking for a short on UJ.
Reason: it didn't break the strong resistance zone
Use proper risk management.
Thank you
USD JPYWaiting for a retracement. if it not happen, then looking for sell signal. still price is in uptrend.
Use proper risk management. Thank you
USDJPY Strategy today 18-19 OCT | USDJPY Forex Strategy 18-19octUSDJPY: We had plenty of opportunities in the past hopefully we will get another good trade again. Though the market is standing at a very strong resistance, still market is not going down. It clearly shows the presence of BUYERS in the market. And considering the trend of the market, we should mainly look for BUY opportunities only. Option 1: If market retraces and bounces from the 113.20, we can BUY. Option 2: If market breaks the FLAG PATTERN and starts trading above 114.40.
USD JPYWaiting for a retracement for more Long position. If retracement is not happen, then will not take the trade.
Use proper risk management
Thank you
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 breakoutSuperb Breakout
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order block 4 hrs tf longif we go on 1 day tf we can notice that price is pulling back to its 21 day ema and 50 % fib levels
4hrs tf we have an continuation OB at the same level
setup continuation OB ( inside bar ) huge impulsive move creating imbalance and price should come back to mitigate this level
Entry - OTE
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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.
USDJPY BearishUSDJPY may drop from trendline. Need to wait for reversal confirmation reversal from trendline.
USDJPY Trading Idea 8 Oct 2021I think the overall market is in the downtrend, one should look for the selling opportunity. In my personal opinion, Price gave a strong rejection at the resistance forming a bearish engulfing pattern to conform the sell order with a stop loss at 113. 27 level on the daily time frame. I am bearish with this trade. A possible profit target can be around 109 or somewhere around.
