Trading Ideas-
Long positions above 124.00 with targets at 131.96 & 135.24
Alternative scenario
If price goes down from 124.00 look for 121.07 & 118.46 as targets.
Supports and resistances
121.07 & 118.46
131.96 & 135.24
USDJPY - M Shape can be formed. Gartley pattern. Enter once the trend line is broken. SL will be the latest swing high. The are formed with Red lines will be potential reverse zone.
USDJPY remains pressured around a two-week low, despite the latest rebound from 127.50, after the yen pair slipped beneath an upward sloping support line from March-end. The south-run recently broke 100-SMA and is well on the way to the 127.00-126.90 zone comprising 200-SMA and multiple levels marked in a month. It’s worth noting that the pair’s downside past...
As we analysed earlier today about USDJPY we have a good risk reward setup . Let's see how it works out i don't more than 0.50% per trade nor do i recommend anyone. Good risk management is must for being profitable .
USDJPY Sell trade opportunities
USDJPY Breakout support trend line is a very good opportunity to take a short trade here with stop loss above the support area
"Always trade with Stop Loss"
USDJPY on SELL, after the rectracement.
Waiting for retracement to 1hr OB, then on lower time frame will enter double BOS for SELL till 127.200.
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in this analysisi i have used the most powerful tool that is used by banks to fetch the sl of th smart money traders the smart money traders fetch the sl of the retail traders by using the liquidity therem or the inducement therorem , then the banks take the sl of the smart money consepts trader to get more liquidity and volumes to move the prive for reaching the...
. We can see clear w pattern on usdjpy which tells that we can 100k for shorting opportunities following are the zones marked which I believe can act as good supply zones
Nothing seems to be stopping #USDJPY as it continues to push its highs. The pair just touched 128.32, a level that has not been seen since 2002.
Looking for buying opportunities in usdjpy.
As we can see price is forming higher highs but RSI forming lower lows which indicates the negative divergence. So in near term we can see some corrections.
Sell usdjpy @126.300-126.500
SL:- 127.500
Tp:- 1) 126
2) 125.500
3) 125
4) 124.500
5) 124
Price may go down more than 124 if some good news we can here from BOJ next week or...
Its creating wyckoff in 5min time frame.
There is a maximum chances for reversal.
Don't miss the opportunity to short.
Before entering the trade do your own research.
Fore reference in.pinterest.com OANDA:USDJPY
USD JPY reached Monthly and Weekly High.(Check Monthly and Weekly Time frame) for reference.
We can expect reversal from the order block zone.
Use Minimal stop loss to avoid major loss.
Before entering the trade DYOR.
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "1" : Motive wave completed
Wave "2" : Simple zigzag completed
Wave "3" : Motive Wave Golden wave also completed.
Wave "4" : Correction completed.
Wave "5" : Motive wave 5th wave completed.
Wave "A"...
Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.
KRAKEN