USD JPYUJ price is now around strong resistance level. so waiting for the formation of HH' and HL' for Long
and also looking for short. will update again about the UJ
USDJPY_SPT trade ideas
#USDJPY the resistance area it's possible to sell#USDJPY Price trading nearby the 4hr resistance area and waiting for any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area
Why we like it:
Price is trading nearby 4hr resistance area
waiting for bearish candlesticks formed
possible to move next support area
1st support:
112.226
Next Zone area & horizontal swing Low support
1st Resistance
114.500
Zone area & horizontal swing high resistance
USD JPYLooking for a short on UJ.
Reason: making double top pattern
Use proper risk management.
Thank you
#USDJPY the resistance area it's possible to sell#USDJPY Price trading nearby the 4hr resistance area and waiting for any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area
Why we like it:
Price is trading nearby 4hr resistance area
waiting for bearish candlesticks formed
possible to move next support area
1st support:
112.226
Next Zone area & horizontal swing Low support
1st Resistance
114.500
Zone area & horizontal swing high resistance
Jpyusd good opportunityAfter a long downtrend the price stuck in the range and it is also below 200you can trade if the consolidation are break
Down and go for short don't go for long until it cross 200 ma
If u are impatient u can't trade in zone only when it reject support level and go for short side
SL according to your risk and reward
Target Moving averages 10 ,21,5 EMA
USDJPYLONG $USDJPY
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#USDJPY it's possible to sell#USDJPY Price trading nearby the 4hr resistance area and waiting for any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area
Why we like it:
Price is trading nearby 4hr resistance area
waiting for bearish candlesticks formed
possible to move next support area
1st support:
112.226
Next Zone area & horizontal swing Low support
1st Resistance
114.400
Zone area & horizontal swing high resistance
USDJPY potential dump incomingpossible scenario according to me on USDJPY- we have touched RWL (lowest point which the price can travel through the week) which was the level 1 drop of 1/4 hours cycle, + with this current continues drop a lot of retail traders fomo in to short and definitely MM have to shake out them before going for level 2 & 3 so they used todays news for this purpose as mm already knows what news is going to come and it will be positive or not, since we have touched RWH we really expect a good amount of distribution and spike to the high with stopping volume for wed- thus and on friday they should start going to break down for the reset of weekly levels (RWH&RWL) then we should go for RWL again till mon-tue and form W at wed and then same weekly cycle.
#USDJPY breakout the resistance area it's possible to sell#USDJPY Price breakout the 4hr resistance area and waiting for retracement and any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area
Why we like it:
Price is breakout the 4hr resistance area
waiting for retracement
waiting for bearish candlesticks formed
possible to move next support area
1st support:
112.176
Next Zone area & horizontal swing Low support
1st Resistance
113.800
Zone area & horizontal swing high resistance
USDJPY: Double ZigzagUsdjpy is unfolding in a complex corrective structure as a double zigzag. One should sell on rise near 113.6-113.7 keeping SL of 114.05 for tgt of 112.9 .
USDJPY SHORTMeltdown on h4, retracing right now, expect price to go down if it breaks the low of previous h4 candle.
#USDJPY breakout the resistance area it's possible to sell#USDJPY Price breakout the 4hr resistance area and waiting for retracement and any bearish candlesticks formed it will take entry for below the bearish candlestick and it will go for the next level of the support area
Why we like it:
Price is breakout the 4hr resistance area
waiting for bearish candlesticks formed
possible to move next support area
1st support:
112.176
Next Zone area & horizontal swing Low support
1st Resistance
113.685
Zone area & horizontal swing high resistance
USD JPYUJ is in range in 4H chart. looking forward for a short or long.
Use proper risk management.
Thank you
USDJPYbelow 113.200
we can take short position
at 111.900
we can take long position
above 114.700
we can go long for 118.000
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
