Short USDJPY on the daily chartIts been over a year where the prices have ranged between 114 to 104.5, giving no clear indications. Might as well take advantage of this big range and check out the daily close below the fibo retracement of 50% @ 109.58 to give a clear path for the 61% @ 108.4. Prices currently @ 109.3, got to make a move , placing a stop @ 110.
Good luck
Usdjpy-trading
Trading plan for EURUSD, GBPUSD, USDJPY for 21/03/2019EURUSD*
The technical cross-section**:
Trend: 0
A strength of trend: 3
Overbought/oversold : overbought
The priority area of transactions : buying
Selling in the area of 1,1460 with a stop above 1,1490 and a profit in the area of 1,1360.
The purchase in the area of 1,1360 with a stop below 1,1280 and a profit in area 1,1460.
GBPUSD
The technical cross-section:
Trend : 0
A strength of trend: -1
Overbought/oversold : none
The priority area of transactions: buying
The purchase in the area of 1,3190 with a stop below 1,3160 and a profit in area 1,3340.
The purchase in the area of 1,3120 with a stop below 1,3080 and a profit in area 1,3240.
Selling in the area of 1,3300 with a stop above 1,3350 and a profit in the area of 1,3190.
Selling in the area of 1,3400 with a stop above 1,3460 and a profit in the area of 1,3300.
USDJPY
The technical cross-section:
Trend: 1
A strength of trend: -1
Overbought/oversold: none
The priority area of transactions: Selling
Selling in the area of 111,10 with a stop above 111,40 and a profit in the area of 110,10.
The purchase in the area of 110,10 with a stop below 109,60 and a profit in area 111,10.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analysis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
Trading plan for EURUSD, GBPUSD, USDJPY for 20/03/2019EURUSD*
The technical cross-section**:
Trend: 0
A strength of trend: 3
Overbought/oversold : none
The priority area of transactions : buying
Selling in the area of 1,1390 with a stop above 1,1430 and a profit in the area of 1,1260.
The purchase in the area of 1,1300 with a stop below 1,1240 and a profit in area 1,1390.
GBPUSD
The technical cross-section:
Trend : 0
A strength of trend: 1
Overbought/oversold : none
The priority area of transactions: buying
The purchase in the area of 1,3200 with a stop below 1,3160 and a profit in area 1,3340.
The purchase in the area of 1,3120 with a stop below 1,3080 and a profit in area 1,3240.
Selling in the area of 1,3350 with a stop above 1,3390 and a profit in the area of 1,3250.
Selling in the area of 1,3450 with a stop above 1,3490 and a profit in the area of 1,3350.
USDJPY
The technical cross-section:
Trend: 1
A strength of trend: 1
Overbought/oversold: none
The priority area of transactions: buying
Selling in the area of 111,90 with a stop above 112,30 and a profit in the area of 111,10.
The purchase in the area of 111,10 with a stop below 110,70 and a profit in area 111,80.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analysis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
Trade Ideas Analysis: USDJPY Double TopThe market has reached the D point completion of a Bearish Gartley, looking for a shorting opportunity of a double top as Gartley formation invalid due to extended movement of the market.
However, I will be waiting for a shorting opportunity once the double top is formed.
Exact entry, stops and targets will be share with my subscribers, in the month of Oct18 we produced a total of 2,333pips of net profit in a Single month, click the link below to join our fun community:
forex100academy.com
Trade Ideas Position: USDJPY GartleyA bullish Gartley has formed on Daily Chart, I am waiting for confirmation signal on H1 chart to engage the trade.
Exact Entry, Stops and Targets will be shared to our subscriber.
This is part of the reason how we manage to achieve a better results than other Harmonic Pattern Trading.
forex100academy.com
Trade Ideas Position: USDJPY BatAnother counter-trend trade setup on this, if you have not seen EURUSD, you should.
Exact Entry, Stops and Targets shared to my subscriber. Last month we did a total of 2,333pips of net profits shared to our subscriber.
Check this out and not miss another great trading opportunity, just subscribe to us.
forex100academy.com
USDJPY LONGThis is a long trade which we are going to trade on the other hand there is a ascending channel the the USD/JPY just broke on the chart giving signals or selling but with this we will stick with long
Technically, however, the Yen appears to have something of an advantage now. USD/JPY has slipped quite dramatically below the strong, newish uptrend channel that had previously bounded trade since September 7.
Technical Breakout on USDJPY Buy on 5th of June 2018Trading System on USDJPY
Buy on 5th of June 2018
Technical Breakout on USDJPY.
EP(Asia Market):109.83
SL:109.53
TP1:110.13
TP2:110.43
if the level of the price at the 109.65, we could close the above trade position.
SYSTEM: Breakout Trading
Trade Management:
BE on 25 pips
Trailing on 25 pips
Time to buy USD/JPYwww.tradingview.com
Time to set the position in the pair USD / JPY -0.09% came. I recommend that you start buying US dollar against the yen. While carefully, you need technical confirmation or easy panic, which will send JPY to level 104-105.
The widespread avoidance of risk has provoked large players to liquidate part of their positions in stock assets, and along with this, a wave of sales in the US debt securities market swept. Managers had a "free dollar" on their hands and they, as if on command, rushed into defensive assets. As you know, these very assets on the market are not so many, but liquid ones capable of absorbing a huge financial flow of a unit, and in a compartment with a huge alleged US budget deficit of 1 trillion. $, market participants amicably understood that the weakening of the US currency will continue.
In such a situation, it remains to wait a little and begin to pick up the cheaper USD, since a strong Japanese currency and a very weak American currency is unprofitable for both states, and soon it is necessary to wait for at least verbal interventions from the FRS and the Bank of Japan.
Short Term Bullish idea for USDJPYOANDA:USDJPY
Short Term Trade Idea for USDJPY
Play a long towards 109.37 (1st target), even 109.82 (2nd target).
Stop loss at 108.400
RSI indicator also holding above 40% support level.
Alternatively , if price breaks below 108.400, there presents an opportunity to short towards 107.75 (alternative target).
107.75 also happens to correspond to a key Fibo level.
USD/JPY outlookThe sharp retreat from the high of 110.34 on the back of weak US retail sales and inflation data has kept intact the falling tops formation on the daily chart.
An end of the day close below 109.11 (June 7 low) would open up upside towards 108.13.
On the higher side, only a daily close above 110.34 would revive short-term bullish view
USD/JPY – technical recovery likelyOn the above hourly chart, the RSI has confirmed a bullish price RSI divergence.
The spot currently trades below 0/8 Murrey Line (oversold line).
Thus, a recovery to 109.76 (1-hr 50-MA + Murrey Line) looks likely. A break higher would expose 110.00-110.20 levels.
The descending trend line has been breached as well.
USD/JPY - Bears... wait for a daily close below 200-DMARejection at the sliding trend line resistance followed by a sell-off on the weak US payrolls data suggests the sell-off from the recent high of 114.36 has resumed.
However, bears are still advised to wait for a daily close below 200-DMA before hitting the pair with fresh offers.
the 200-DMA (sloping upwards) is seen at 110.14.
USD/JPY looks set to take out 50-DMAUSD/JPY remains well bid in early US session as investors focus on the uptick in the core PCE and employment cost index.
The daily RSI has breached the descending trend line.
Looks like the currency pair would take out the 50-DMA level of 111.75 and move higher to 112.60 (Jan low).
USD/JPY needs to close above the trendline hurdleA close above the trend line hurdle seen around 110.45 would signal the a short-term low has been made at 108.13 and would open doors for a sustained rise to 111.60-112.00 levels.
On the contrary, rejection at trend line hurdle followed by a break below today's low of 109.59 would open doors for re-test of 108.13.
USD/JPY - Inverse head and shoulders pattern on 4-hr chartA bullish break from the inverse head and shoulders pattern would add credence to the repeated rebound from 108.30 area and open doors for a 'slow' rise to 109.20-109.50 levels.
On the lower side, only a daily close below 108.00 would signal continuation of the larger downtrend from the 118.66 levels.