Uj
USDJPYH4. We have seen a big push to the upside this week. There may be some pullbacks. I would see what happens when the price will start moving around the two blue areas. I will be looking for some sign of bullish pressure around those areas if it will not be shown this analysis becomes invalid. Trade safely and manage your risk!
USDJPY SELLCurrently on H1 Timeframe we can see rally-base-drop form. This form making supply zone. The price may go bearish until meet the demand zone. Moreover, on H4 we can see bearish candle engulfing. We may put sell order, which its stoploss slightly above the supply zone and put takeprofit on the demand zone. This is a good setup as small stoploss zone but big takeprofit zone.
USDJPY Emerging Patternevery 8 days a short opportunity seems to present itself, by holding for one day you can get consistent profits.
however, any basic form of market analysis would most likely get better profit.
UJ looking for shortsWith a 4H trendline break, we can look for a retracement an retest of the previous support broken and enter with a valid engulfing
USD/JPY cont.Update!
UJ has bounced off support and will test resistance. SL should be moved in profit. If resistance is broken-wait for a retest and add to the long position.
Please comment with ideas. Thanks!
USDJPY (UJ)Hello Everyone! Time for USDJPY "DUH DUH DH"
So I'm expecting the price to Drop mainly because the overall trend is still down. This is a confirmation which means I would not short the market.
- I can see the 0.618 fib which was held previously.
- This might a pull back but It's a good place to look for entry guys.
- There are more market gaps to the upside as it is on a downtrend.
- Need to look out for the market gap on the downside too.
- As you can see the order were filled and price pushed up.
- If the price break above 107.900 I would consider this trade to be invalid but I would risk less on this trade (which is 0.5% )
*This pair can be easily influence from the news*
Thanks for positive message and feedback. I hope all of you are doing well and let's kill the market and be victorious.
Remember there is always a reason why price move the way they move. You cannot be always right but you can have advantage over the markets.
Long106.7 level has been tested. After a break out of trend line we have upside momentum. Interest rates might affect trajectory-although, US will continue to gain strength against JPY.
Maco analysis further solidifies UJ long position.
Elliot Wave + Divergence Supporting Bullish Move on USDJPYUSDJPY moved down in three waves (a)-(b)-(c) from March high. The decline in wave (c) unfolded as an ending diagonal pattern which usually indicates that the end of a trend.
The Elliot wave guideline on trading ending diagonal suggests that the price should move at least to the start of the diagonal. In this case, the start of the diagonal is 109.379 marked in black.
The wave count is not the only evidence that supports taking a long position in UJ. Prices and MACD had been diverging since April - an indication of decreasing downside momentum, signaling a weakening downtrend.
So, a bullish Elliot Wave pattern combined with a bullish divergence makes a stronger case to long USDJPY.
What's your view on USDJPY?
USDJPYJust sharing my view (not a trading call). GL
Ah, yes and DXY (Don't fight the US fed when he is in "swap" mode
USD JPY Waiting for a clear trend todayIt is likely that today's US session price will determine the trend of the UJ pair this week. Remember to schedule and plan a reasonable transaction
USDJPY Long TradeHello Traders,
I have drawn my own MA with a trend line, and also UJ seems to be trading in a upwards channel.
Trade Safely
