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Shortusdjpy

USDJPY Trading near Cricital Levelthe Weakness in the Dollar index might continue in the near term, after Donald Trump refused to start the stimulus program we saw a bounce in the DXY index. after that a weakness started to show which put pressure on the USDCAD and retraced down from 1.3340 to 1.3240. however the USDJPY is still holding. reaching a 4 month trend line pressure we might expect some rejection at the moment from current levels to finish a 5 wave pattern in a falling wedge triangular setup. missing leg might target 104.00 level.
Short
by josephdahrieh
4
USDJPYAloha! Here is a missed opportunity at the beginning of the week. I had one trade open on EURUSD L that closed for 1.5%. Focusing on that trade distracted me from a USDJPY S, regardless, here is how I was looking at: I saw a wedge pattern where price is squeezing and since we are coming from a massive move on march 26 and 27, This could be a continuation and completion of a pattern that is correcting. Overall, a consolidation, squeeze and a continued move downward. Beautiful price action with a probable 3%+ trade. 15min - 50 ema being rejecte and consolidating. 1hr - squeezing/correcting in a asymmetrical wedge if that's a thing and slight pull back to kiss the 50 ema. 4hr moving down into pattern with a bear run, continued play with it. 44 pip stop.
Short
by Reid_Hicks
Short Position For USDJPYI just found out that the price for USDJPY now is near to the Resistance, plus I see a downtrend channel. If the price still hold below the Resistance, USDJPY will go down again, and probably gonna try to breach the 110.00. Therefore I decided to entry Short Position : SELL @111.10 STOP LOSS @111.50 TAKE PROFIT @110.30 It may go down, it may be not. This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :) Good luck!!! Cheers!!
Short
by Maserati_KS