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Usdjpybullish

3-bar bullish reversal on USD/JPYAfter an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal (Morning Star). - The bias remains bullish above Friday's low, although bulls could seek bullish setups on lower timeframes if prices pull back towards Friday's high - or wait for a break of yesterday's high to assume bullish continuation. - An initial target is around the 38.2% Fibonacci ratio / 133 handle - A Second target could be around the monthly pivot / 200-day EMA / 50% retracement level
Long
by CityIndex
USDJPY H1: Bullish outlook seen, further upside above 132.50Price is currently hovering above a key support zone at 132.50 on the H1 timeframe. A throwback to this support zone, which coincides with the 78.6% Fibonacci retracement, could provide the bullish acceleration to the resistance zone at 133.80, in line with the 161.8% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, while Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
Long
by T3-Consultancy
USDJPY M30: Bullish outlook seen, further upside above 133.20Prices have broken above a key resistance-turned support zone at 133.20 on the M30 timeframe, in line with the 23.6% FIbonacci retracement. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 135.00, which coincides with the 161.8% Fibonacci extension and 61.8% Fibonacci retracement. Price is holding above the 20 EMA, while MACD is showing bullish momentum, supporting our bullish bias.
Long
by T3-Consultancy
USDJPY smart money concepts MatrixVIt was easy predictible that USDJPY is bullish again, but you have to get a good risk managment. SMC has the best concepts with Risk Managment, where you have a 2-20 RR. The most important thing is to protect your money from the banks by your stopploss and takeprofit. If you have a profitable 10 RR you can lose 10 trades and regain it with 1 trade. Explanation= Yellow SMC Traders, Red Retail/Patterntraders. NOTICE!! Patterns are useful, but you have to know how every marketparticipant is trading: Patterntraders, Indicatortraders, SMC Traders, Orderflow Traders, Volume Traders, Banks 1. € = Liquidty in SMC Trading, Trend in Retailtrading, shows where price is going 2. CHOC (Change of Character): Market change its direction and brokes last supportzone = Sign of Market Reversal 3. Yellow Fibonacci: SMC Traders take the last candle of Support/Resistance and take the 0.5 Zone as their TP/ENTRY/STOPPLOSS They try to knock out Retail Traders, who wait for breakout in 1minute Chart = Fakeout = Entry of SMC Traders SMC Trading is based on risk managment, its the most important thing. 4. Entry Pattern Traders: Pattern Traders see a bullflag, they take the bearish trend, copy it, and wait for trendhit. Their stopploss is mostly the golden 1.618 Zone, Takeprofit, is close to the other trendline. They often have a 1:2 RR; 5. Entry SMC Traders: 0.5 or 0.618 FIB Zone of last resistance or support zone (ITS A "LAW"), which they take to draw their stopploss/entry We have a bearish CHOC, so there are still short positions, which push the price down. You have to practice your style of entry/stopploss/takeprofit. Your goal with SMC is to place trades with a high RR (5+) Combine it with other retail strategys like patterns or indicators. the more confirmations the better 6. TP of SMC Traders: The last bull consolidation zone (CZ), before the the price did the bigger bullcandle. SMC Traders take the 0.5 FIB Zone of the low and high of the CZ as their takeprofit. There is also the CHOC Zone, which is also a confirmation This TP can also be an entry for a longposition. 7. BOS (Break of structure): Market broke through last resistance, closed the body of the candle above the zone. retest, BOS 8. 2nd SMC Entry: Retail Traders will go long instantly, but your goal is to buy as low as possible to take your RR high. 2nd SMC Entry is the BOS Zone, Stopploss the 1st supportline, Takeprofit is your choice Follow for more. Normally my posts are very short, but this time I thought I have to explain my TrAdInGvIeW GG Ez MatrixV Ruler Of The Market
Long
by MatrixV
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