I think Uj just touched the bottom and is heading upI drew trend lines connecting a LARGER overall Uptrend, then it broke out to the upside so I thought it was over. BUT It just came back down in and touched that spot like it never left that channel at all. Touched and now is heading up so it looked impresive, Like you could buy it for days. But I'm kinda new so check it out yourself. Happy ZEN Trading!
Uj
usdjpyexpecting further drop on #USDJPY, we most likely resuming to the down side trend, enjoy the ride,
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this idea is prepared and forecasted by Ali Dib @thecharttrader
DollarYen. Long Idea. Hey Tradingview.
It has been a while again since i was able to express a trading idea to the platform.
I am bringing you a massive DollarYen Long idea. That seem to produce a massive run along elections.
Well it is that time of the year again. Our previous president election. Sent the dollar soaring in strength during the election of President Donald Trump. I am anticipating a repeat of this price action. With the fundamentally alignment of the previous act. It is likely we are to anticipate something similar.
As i push for clean and clear charts. There are no coordinates of a trade yet. But will be updated as we get closer.
This trade is a Macro Idea. Allowing those time to see the trade for themselves.
I will update this brief analysis. As time goes on.
Technical- Massive Bull Pennet. Within a bigger Head and Shoulders.
Stay Frosty.
ActivMGMT.
uj looking for sell The University of Michigan released preliminary figures for January consumer sentiment showing consumers remain upbeat about the state of the economy. USDJPY rose as the headline figure crossed the wires at 100.9, beating expectations of 99.5 and rising over last months read.
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usdjpy
sell after correction
It was an uncertain beginning of the week for the commodity currencies. In the meanwhile, how have the Asian currencies done?
For the Japanese Yen
There has been little influence from the economic calendar, with stats limited to current account figures that failed to move the dial.
The lack of stats left the Yen in the hands of the news wires that dictated market risk sentiment in the week.
We see the Yen set for a surge should there be a marked pickup in new coronavirus infections and increases in the mortality rate.
USD/JPY looks for downwardsAssalamualaikum and hye folks.
UJ has found resistance at top trend line labelled, thus in my opinion, it looks like expanding triangle is forming. Well we could not confirm the pattern unless it has been completed.
As long as price is below 110.204 , we could speculate its bearish movement.
I hope my idea could bring some spark.
Thank you for reading !
USD/JPY Short IdeaI've been short risk pairs for the past 12 months or so and as I see it at the minute there is no reason to change my views. IMO The market has gotten a little ahead of itself after Trump stepped back from War with Iran yesterday. For me there are still numerous risks ahead in the coming months, Manufacturing is still winding down in most major economies (last weeks ISM number was the lowest in a decade) the Iran situation along with whatever is going on with North Korea poses surprise risk factors, Brexit is not a done deal yet and lets not mention whatever the Fed is doing in the Repo market which although nobody seems to be talking about it, seems highly unusual. So with all that in mind I will start a small short position here with an add at the daily trend line resistance, if we continue higher from there, I will wait until the 61.8 daily Fib retracement before I scale in completely.
USDJPYI have two scenario for UJ.
First to Create a double Top and drop And create a Higher low and retest at 78.60% Touching also the Monthly Level or At 61.80% will see if the Buyers are waiting to go long from 61.80% Retrace.
Second Scenario is to pullback to downside a little and go Higher To touch my Weekly Trendline.