USDJPY posted a three-week winning streak but ended Thursday on a negative note. That said, a convergence of 50-SMA and a seven-week-old horizontal area surrounding 145.00-145.10 restricts the immediate downside of the Yen pair. Following that, the early-month high of around 143.90 and the 200-SMA level of around 142.15 will act as the final defense of the buyers....
FX:USDJPY
As you can see that, In 1Hr Time frame USDJPY has created a head and shoulder pattern. if it breaks the drawn neckline level then we can plan for sell side. This set-up is for monday (21-08-23) Plan your trade accordingly....
Based on ICT Concepts price tapped HTF OB , Next DOL will be HTF IRL, Before price goes down im expecting a manipulation leg towards upside , tap 1 Hr FVG and price falls from there.
As analysed on July 10 regarding the short opportunity on USDJPY, moved perfectly and respected the deemand area.
And made a double bottom or W pattern nearby.
Now the price is bullish to touch the near high so every deep is a long opportunity.
Unless the price break, the fresh low keet buys target the swing high /Major supply area.
1. 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...
Sell usdjpy @144.009
Sl 145.500
Tp one 140.974
Tp two 138.439
Lot size recommended 0.01
Trade based on fakeout in hour 4 timeframe and pure price action
Hello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you...
1. 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...
Short term trade.
DXY looks towards short
And 6Jpy broke upside structure.
But the institutional positions shows non netrual directions for both symbols. So I took bit risky short term trade
USDJPY extended a pullback from a five-week-old horizontal resistance by slipping beneath monthly horizontal support and 200-SMA, despite the latest rebound, as markets sensed the Bank of Japan’s (BoJ) exit from the loose monetary policy and unimpressive US employment report. Also keeping the Yen sellers hopeful are the bearish MACD signals and downward-sloping...
Hi Everyone
Welcome to another trading idea, here we have usd/jpy which looks really bullish for like a month or two. if you trade in forex or wanna trade forex than this is the good bet.
If you need any clarification of buying area, please leave comment
Thank you
Hello Everyone
Here is another update from Trading Idea, few days back we have provided forecast of upcoming bullish cycle in USDJPY, so this is just the update of counts of cycle.
If you like the idea, than kindly boost and share it with others and help us.
Also if you have any query than don't hesitate to...
Dear Friends See the USDJPY Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel forget the Instant Notification of Every New Analysis
