USD JPY short opportunitymarket has formed a double top patter on 1H with engulfing bearish kicker
we can the market now with stops above the swing high
dont forget to like and share
Good Luck
Usd-jpy-long
Fibo Extendo!! UJ Bounces Back!USDJPY
Aloha peeps.
UJ seems to be making a very strong come back. If you read my post yesterday, you'll remember upwards momentum came to a hault showing stronger bearish movement.
We ended up retracing to 108.63 which is a 23.6% fib retrace and responded right back with another bulls rush.
we continue with higher highs and higher lows.
We should See price rise to 109.7 or even 110.3
This information is not a recommendation to buy or sell. It is to be used for educational purposes only
Bullish cypher set up- cypher pattern
- for reserved targets T1 and T2 set
- I still see USDJPY as bullish
- waiting for it to hit .786 entry point
- all the best
USDJPY testing critical support. Tilted upwards.USDJPY testing a confluence of horizontal and trendline support, after the pair broke the trendline and made a pullback. Next major resistance at 107.8x.
USDJPY long setupHi there,
sharing a long setup on FX_IDC:USDJPY
Entry criteria:
-Monthly timeframe forming a low test/doji candlestick
-Daily bullish engulfing / MACD bullish divergence
-Intraday descending wedge/channel pattern
-Price retraced to the 1h 50 EMA, showing deceleration;
-5m pivot showing support
I set up an entry order over the next pivot line on the 5m chart, targeting roughly the Daily 50EMA / next major resistance level for 2R trade.
Visit the link in my profile if you're interested in learning more on the strategies I use to trade the markets.
Trade safe
long set up- bullish cypher pattern
- bullish bat pattern
- not entered as of yet as I'm waiting for a 4hr candle confirmation
- expecting a strong retrace to the 618 fib set from the cypher pattern D leg
- will trail my stop once its in motion
- RSI oversold
- ASL will be 40 pips
Goodluck!
USD/JPY longThe market is still technically downtrending on the weekly despite continuous testing of the existing (blue) weekly trend line. Both the daily and 4 hour timeframes show that the pair is moving sideways. As a result, this indicates a market neutral approach in the short run. We can open "pattern" positions inside these consolidation zones to benefit from short term moves, as it is shown here. I've spotted a potential bullish bat pattern and decided to open a short term long position inside the sideways moving market. Stops are placed quote low as to avoid increased volatility and profits are placed at a potential resistance line shown by the daily timeframe
USD/JPY LONGAfter breaking the weekly resistance trendline price found resistance at around 114.000, retested the weekly resistance and looks to be back on its way up. From the 1H view we can see that the bearish trendline and previous short term support (in blue) has also been broken, triggering a long position for me. I could have waited for another retest but we will see how it goes.
USDJPY LongLooking at pricing history for USDJPY, is in a consolidation range and seems to follow a similar pattern of alternate monthly highs followed by alternate lows between 108 and 114.
Expect price reversal opening few days on the back end of increasing Korea tensions and small backlash from NFP last week. Look for retrace to 109.563 before taking a Long position to 114.000
TP 1= 111.000
TP2= 114.000
SL= 109.000
USDJPY - MARKET SYMMETRY IN PLAY - LOOKING FOR LONGAs stated on the chart we can see that the price is at a key level, which acted as a turning point in the past and could do the same now as well. As we speak the price action suggests a Morning Star Formation on that level, should the candle close where it is now or even higher. With the tensions on the geopolitical level easing (we can clearly see that with the price of GOLD which is already down by 0.5) we could see investors shifting away from safe heaven assets such as the JPY, GOLD into more risky assets as they become less risk averse.
Furthermore one more reason I believe we could be seeing a reversal is that the turning point displayed on the chart in the past occurred on almost the same exact RSI point as it is today which acts as more confirmation.
Therefore I would personally be looking for a small pullback on a shorter TF such as the 1H to go long. Awaiting for some more confirmation
As always trade safe and do your own due diligence before entering a trade.
For further insights join me on:
www.valuedbusinessconsulting.com
USD / JPY Long USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity.
Wait for price to come down to lows at 108.300. Set your target at previous tops. :)
USDJPY LongWith the bullish confirmation candle appearing in the daily chart today, I'm gonna take advantage of the consolidating USD and go long in USDJPY after the ADP Employment Change news today at 8:30PM (GMT+8), with TPs at R1 and R2 pivot lines in the current period, and SL between S1 and base pivot lines and manually close the open trades if they don't hit the TP or SL before the NFP news this Friday.
www.cnbc.com
www.dailyfx.com
www.reuters.com
Daily:
Weekly:
Confidence: B (any news about Trump and health bill, especially with the mixed bag in its recent manufacturing PMI, makes USD pairs volatile)
USDJPY Long Position (1Hr Timeframe)-Potential breakout from bearish trend
- Crossover in 1hr & 4hr MACD confirm this breakout
- Be wary of retest of the daily resistance which I will look out for before taking position
- Be wary of economic data coming out of the US 19th July 2017
USDJPY Long Position (4hr Timeframe)- Trend breaks out of pennant formation and breaks past daily
- the trend has now retested the new daily support which I believe will lead to a bullish movement towards new resistance
- will look to take this position if the next couple candlesticks signal bullish movement in the 4Hr timeframe
USD/JPY - Possible long if there's a break through 111.0495I think there's a chance of USD/JPY going long if there's a break through the first red resistance line, however, if it falls beneath the black line. Possible short.
Blue lines = supports
Daily Key Levels on USDJPYHi traders. The focus is most certainly to the upside on USDJPY following the well-anticipated break of the trend line resistance as shown below:
No surprise there. With that being said we have already surpassed r1 and are sitting just under r2.
Intraday traders may want to wait for a break above r2 and look to buy a pullback to r2 on the flip side as support. A sustained break above r2 will put sights up to r3 and be mindful that Q2 targets are 115.
Enjoy and remember to follow!
Start to the upside for UJ?Divergence on 4hr as well. Mid term target is 120.00 Always eliminate risk when possible! Trade responsibly!
