For the Educational purpose, Chart Patterns and Technical Analysis
Usdjpy All jpy pair touching their lows during last fundamental jpy broke its zone of 130 which was acting as a support for one month.Now for this week we can see price movement within a descending channel and very soon price will test again a solid support zone of 126. Where we will see a little bullish move upside but remember for good and healthy trend move...
Hello Traders! 1. I see a potential head and shoulder on the USDJPY chart. 2. It's still a pattern in the making and hence makes it a bit of a risky trade but definitely worth a shot as the market stands on a major support on the daily TF and has been consolidating in the region for quite some time now. 3. Also, as per my trade, we are entering at the...
looking for uj sells off of my confirmations and my trading plan DONT TAKE MY ATTEMPTS/TRADES THEY ARE PERSONAL AND YOU MIGHT LOOSE MONEY
We saw USDJPY long Because USDJPY Follow the Descending Channel and Bullish Trend Follow.
One can expect very sharp recovery in #USDJPY SO one one can take little risk and go for buy position
We can take long position in USDJPY as it has given a hammer pattern and has closed at very good price so from current levels we can see a sharp spike up to 140 with SL below 129.20 and we can expect a target of 3-4:1.
5th impulsive move 1 wave done 2 corr done. waiting for next implu move 3rd wave
Hi, USDJPY has formed an head and shoulder pattern on daily chart and also camed to an important support. If it breaks the above levels the we can get a good short trade.
looking for buys off my confrimations DONT TAKE MY TRADDES THESE ARE PERSONAL YOU WILL PROBABLY LOSE MONEY
Trading Ideas- Short positions below 138.04 with targets at 130.64 & 126.45 Alternative scenario If price sustain above 138.04 look for 142.15 & 145.61 as targets. Supports and resistances 142.15 & 145.61 130.64 & 126.45
this currency pair is again approaching its supply area till now bulls have tried hards to control but from here it looks difficult to hold. its on the radar, upcoming setup to short
USDJPY consolidates the biggest daily loss in 14 years while positing a gradual rebound from the 78.6% Fibonacci retracement level of its May-October upside. The recovery moves also gain support from the RSI’s bounce off the oversold territory. However, the early month low near 133.65 challenges the immediate upside, a break of which could validation the Yen...
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
Midterm forecast: While the price is below the resistance 141.696, resumption of downtrend is expected. We make sure when the support at 130.351 breaks. If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid. We will close our open trades, if the Midterm level 141.696 is broken. Technical analysis: While the...
U.S. dollar weakens as risk appetite rises with data showing slowdown The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors' risk appetite.