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Usdjpy1hr

Reaching to Support. Whether break the decline of yesterday...Environmental recognition of current. Yesterday, was suppressed in "Resistance-A", fell to "Support-B". At this decline, movement of interest is a "Movement-I". In response to this movement, "Resistance-C" has occurred. In the short term, there is "Resistance-D". If exceeding here, I think that the probability of being suppressed by "109.14 / 15 ～ Resistance-C" is high. but.. "Short" to limit on the Short-term, because rebounded from "Support-B". In the case of more than "Resistance-C", I have also set up deployment of testing higher.
by shuyatake
New York Session Watch USDJPYNew York Session Watch - #USDJPY USD/JPY has been squeezing all the way since yesterday and we have a triangle chart pattern showing up on this pair. The long term trend is still up as price is still way above the 200 period moving average. Tenken-sen and Kijun-sen are flat as are the shorter term moving averages due to this price squeeze. When the price breaks either way of this triangle, we could potentially have great buying or selling opportunities. Since the trend is still up, the odds that the price breaks above the triangle is higher but we still need to see the break to confirm.
Long
by radoslaw.mazgaj
USDJPY EXPECTATION 250+ PIPSTHIS IS A FOLLOW UP ON MY PREVIOUS POST. THIS IS MY PROJECTION FOR THIS PAIR FOR THE REST OF THE WEEK. IN MY FIRST POST I FAILED TO MENTION THE STRONG SUPPORT THAT EXIST AT 108.64 WHICH CAN CAUSE A SHORT REVERSAL BACK UP TO OPENING PRICE. KNOWING THIS CAN BE BENEFICIAL IN MANY WAYS. 1. IF YOU ARE ALREADY IN AN OPEN POSITION AND FEAR YOUR PROJECTION OF PRICE WAS WRONG, IT CAN HELP KEEP YOUR FINGERS OFF THE CLOSE POSITION BUTTON. 2. IF YOU ARE WILLING TO RISK IT, YOU CAN PLACE YOUR LIMIT AT THIS PRICE 108.64 AND A BUY IMMEDIATELY BELOW, AND PLACE LIMIT AND SELL AT 108.84 WITH YOUR LAST TARGET AT THE END OF THE CHANNEL. 3. IT GIVES YOU ANOTHER REASON TO EXPECT PRICE TO EVENTUALLY BREAK THIS SUPPORT AFTER. THE PERSISTENCE OF PRICE TRYING TO BREAK THROUGH THIS SUPPORT AND FAILED GIVE A GREATER PROBABILITY AFTER EACH FAILED ATTEMPT THAT IT WILL EVENTUALLY BREAK THROUGH. THE REASON I PROJECT PRICE WILL BREAK THROUGH IS A COLLABORATION OF SIGNALS. A. ELLIOTT WAVE, PRICE HAS TO FORM THE THIRD AND FINAL WAVE (OR WAVE NO5) B. AFTER THE FINAL WAVE IS FORMED PRICE USUALLY BREAK THROUGH CHANNEL (UPPER CHANNEL BOUNDARY IN THIS CASE). C. CONFLUENCE. WHICH ALSO PROJECT A RETRASAL BEFORE BREAKING THROUGH PRICE, AND D. THE HEAD AND SHOULDER THAT HAS DEVELOPED WHICH IS CURRENTLY FORMING THE LAST SHOULDER BUT THE CHANNEL SLOPE MUST BE TAKEN INTO PERSPECTIVE. BEING AWARE OF ALL THESE THINGS PUTS YOU AT THE HEART OF PRICE ACTION. PICTURE THIS PAIR AS A VENN DIAGRAM, AND ALL THE PERSONS THAT ARE TRADING AND WATCHING SUPPORT AND RESISTANCE ARE (A), ALL THE PERSONS FOR ELLIOTT WAVE ARE (B), THOSE FOR CONFLUENCE ARE (C), AND THOSE FOR THE BULLISH FLAG ARE (D) CANDLESTICKS ON HIGHER TIME FRAME (E), AND FUNDAMENTALS (F). (I DIDN'T MENTION INDICATORS WHICH ARE ALSO IMPORTANT BUT IT'S AN EXAMPLE) NOW THE FACT THAT YOU ARE CONSIDERING ALL THESE FACTORS WITHIN YOUR TRADE PLAN IT PUTS YOU AS UNION WITHIN THIS VENN DIAGRAM. BEING IN THIS POSITION IS WHAT GIVES A PERSON A HIGH PROBABILITY STATUS WITHIN A TRADE. AT THE END OF THE DAY, YOU CAN BE IN THIS POSITION AND STILL GET IT WRONG, BUT IF YOU DO IT 10 TIMES, 8/10 OF THE TIME YOU WOULD BE RIGHT.
by DayFarrell
13
USDJPY LONG OPPORTUNITYTHIS PAIR IS SHOWING STRONG DIVERGENCE BUT I'M CHOOSING TO IGNORE IT FOR NOW AND FOCUS ON THE STRUCTURE. ELLIOTT WAVE ANALYSIS PUT ME IN EXPECTATION OF ANOTHER MOVE UPWARD. MY PRIMARY FOCUS IS THE BROWN CHANNEL OF WHICH I'M AWAITING A CONFIRMATION OF A MOVE TO TOUCH MY LOWER CHANNEL AND POSSIBLE A CANDLE THAT WICK CLIMAX AT MY LOWER BROWN CHANNEL AND CLOSE ABOVE MY BLUE CHANNEL.WITH THIS SET-UP I'M LOOKING FOR TARGETS: 1ST 109.33, 2ND 109.54 (WHICH I'M MORE IN FAVOR OF). iF PRICE CLOSE SIGNIFICANTLY BELOW MY LOWER BROWN AND BLUE CHANNEL, THEN IT PUTS ME IN PLAY FOR A SMALL CYPHER THAT IS SETTING UP. 108.72 ENTRY WITH TARGET AT 109.33. IF PRICE PROCEEDS FURTHER LOWER THEN THIS SETUP IS NO LONGER VALID.
Long
by DayFarrell
1
USDJPY POSSIBLE SHORT TERM LONG ENTRYIf you did not catch the trade from the completion of the pattern, the market is painting a beautiful head and shoulder that can provide a nice entry risk/reward. As usual, you would need to wait a bit for candle to confirm a further mover upwards. stop loss can be placed below at the D leg of the pattern but, i would rather place my stop just above the D leg at the close and open to maximize gains upward. whether your stop loss is just above the D or at the d point does not matter. If you are practicing proper money management, the amount loss will be the same, the difference will be reflected in the amount gain. For example if you have a 10,000$ account and your rule per trade is 5%. (using this trade as an example) it means you are going to lose $500 on this trade (not that i'd use 5% on this trade 1% tops). Your stop loss below point D is about 13 pips while stop loss Above D is 7 pips. 1. Stop loss 13 pips) means that you'd divide 500/13= 38.46$per pip x 20 (pips gain if target is met) which give you $769.23 in profit. Now with the other 7 pip stop loss 500/7 = 71.43 x 20 = $1428.57 which is almost twice as much. there is a downside to this strategy. Having a larger stop loss gives more room for play, while a tighter stop loss can easily be triggered by high volatility. but for this trade, i wouldn't worry so much since a move past the close with volatility will most likely stop out both stops. but as always as a human being, i could be wrong. let see how it plays out.
Long
by DayFarrell
2