BUY | Possible Crab Forming#USDJPY - Tendency: Bullish
Observations -
i - Price has broken a trendline
ii - Possible Crab forming
iii - If Crab is forming, the D leg also coincides with a major key level and a major trendline above
Uj
UJ Plan AheadFX:USDJPY
Monthly trading under equilibrium
Bounced 4 times since the demand zone establish in late 2016. Hence this zone might be not as strong as usual
possible double toppossible double top. Showing weakening bullish move signifying possible change in trend
UJ Sell looking to begin on 3HR Chart As we see on this 3hr chart on here it is in a positive downtrend already and looks to be keeping steam moving forward my first TP is 106.896 after that I believe a retracement will begin to start wave for another short run!
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.
Please drop a follow! I need reputation points!!
USDJPY SHORTShorting USDJPY, I believe the price will go lower but we will just have to see what lays in store this week!
USDJPY one more push to the upside to 61.8%-78.6% , before going down again. We can place a short term long position with SL below 108.00
USD/JPY LONGAfter a W we are inclining in what seems to be a break through the resistance into a bullish move.
TP and SL set
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!
Please drop a follow! I need reputation points!!
Short USDJPYI'm shorting USDJPY as i think uptrend is ending and we can see a strong resistance at 110
USDJPY Rising WedgeI see a nice rising wedge with bearish divergence (RSI) on the 1 hour timeframe. My short position is sitting at a break to the downside.
This comes at a time of mass fear in the global economy, people are rushing to the USD but now they have announced "infinite QE" and a 2 trillion dollar stimulus package, how long do we think USD will stay as a safe haven? I don't think too long..
#silver
#gold
#bitcoin
#shortthedollar
USDJPY- Short/Long- Short scalp retacement to TP around -11660
- Expecting price to reverse off trending resistance
- Long reverse position around 11660
USDJPYFrom the technical point of view this could be the final wave up with ending diagonal. Also by looking in the past when the stock is falling yen is very likely appreciate over the us dollar since yen is the safe heaven for the investor. We could see a potential drop in uj this week.
Update on: USDJPY Closer viewUSDJP looks like it has reached the base of the short shown in my revious analysis, (see link below), I see a rise now, before a further fall
