💵U.S.Dollar/Japanese Yen 💵Analyze (10/09/2022)!!!U.S.Dollar/Japanese Yen is running in microwave 5 of main wave 3 while main wave 3 is an extended wave.
I expect the main wave 3 will be complete at my PRZ(Price Reversal Zone), and then U.S.Dollar/Japanese Yen will go down until the target that I specified.
🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 2D⏰
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Dollarjpy
USDJPY - Descending Triangle - Downside ExpectedHi traders.
USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back.
I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the blue trend line drawn, before considering any longs.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
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USDJPY SHORT UPCOMING!!Hi fellow traders.
USDJPY over the past week has been in a strong uptrend.
It appears it may be time to see a correction, slightly towards the downside.
Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further supports the possible downside move as it approaches the overbought region.
This is just technical analysis. Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
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USDJPY | Local UptrendPlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 109.227
TP1 - 110.269
TP2 - 110.795
SL - 108.885
Reason: Price was supported by Ichi Cloud. Also we have a local Uptrend (Ascending channel and Behavior of RSI confirms the local bottoms for the price.)
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=112.9.
TP4: S2=112.6.
Set the stoploss of these orders at breakout of R2=113.5.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=113.5.
In this situation, there is an expectation to reach the target R3=114.05.
Set the stoploss of reverse orders at breakout of R1=113.4.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=112.9.
TP4: S2=112.6.
Set the stoploss of these orders at breakout of R2=113.5.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=113.5.
In this situation, there is an expectation to reach the target R3=114.05.
Set the stoploss of reverse orders at breakout of R1=113.4.
Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=112.55.
TP4: R2=112.9.
Set the stoploss of these orders at breakout of S2=112.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.
In this situation, there is an expectation to reach the target S3=111.4.
Set the stoploss of reverse orders at breakout of S1=112.15.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=112.55.
TP4: R2=112.9.
Set the stoploss of these orders at breakout of S2=112.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.
In this situation, there is an expectation to reach the target S3=111.4.
Set the stoploss of reverse orders at breakout of S1=112.15.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=112.8.
TP4: S2=112.45.
Set the stoploss of these orders at breakout of R2=113.55.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=113.55.
In this situation, there is an expectation to reach the target R3=114.2.
Set the stoploss of reverse orders at breakout of R1=113.35.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
USDJPY analysis on the M30 chart for short termUSDJPY M30 chart
As the short-term indicators show decline but the uptrend will continue in the daily terms.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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