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Usdjpybuy

UsdJpy- Will it rise towards 150?In my previous UsdJpy analysis I said that selling UsdJpy is very dangerous and although 140 support could be challenged, the smarter and the safer way to trade this pair is to buy dips. As you can see from the posted chart, every dip for UsdJpy was bought, bears are unexistent and there is a clear pressure in resistance. I expect a break of this resistance soon and considering the target of the recent ascending triangle 160 zone could be the target for buyers. Only a break under 141 would put the pair in some kind of " normality".
Long
by Mihai_Iacob
5
USDJPY BUYTake a look at this and tell me what you see? This is a new strategy I have been working for weeks and I must says it a good strategy for catching entries precisely and exiting an optimum price in the market before pullbacks or reversals. It works best for catching movements on a clear trend and with a little guidelines it works for catching reversals too. However it is not efficient with catching trades in consolidations but can help to identify consolidations beforehand. This is introduction to my Ribbon strategy and i will be sharing just how I utilize it in catching trades in my next publishes. Also using the opportunity to let readers know that I now lecture and teach traders; beginners and enthusiast on trading. I focus on educating traders to identify the price zones with the least resistance and how to make the most of it. Remember the goal is not to know where the market price is going, the goal is to make money. ENJOY!
Long
by StephenAdeniken
USDJPY: Bullish Pin Bar + Inside BarUSDJPY – SPOT: Buying On Breakout Of Bullish Pin Bar + Multiple Inside Bar (Combo Setup) Price Action: Price had been forming a Bullish Pin Bar + Multiple Inside Bar (Combo Setup) since late last week. Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board). Potential Trade Idea 1: We are considering buying on a breakout of the current Bullish Pin Bar + Multiple Inside Bar (Combo Setup). Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active).
Long
by UnknownUnicorn393254
1
USDJPY – SPOT: Bullish Pin Bar SignalUSDJPY – SPOT: Buying On Retracement Whilst Above Bullish Pin Bar Signal Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal). Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board). Potential Trade Idea 1: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active). Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd (Currently Active).
Long
by UnknownUnicorn393254
2
USDJPY still bullish.A few words about the current market. Two weeks ago I wrote: The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out. Yes, we are still in that trade, everybody hates it (including me), because fundamentally we shouldn't be. But we see it everywhere: The market is ignoring hawkish Fedspeak It's ignoring hawkish data (NFP last week) It's rallying on dovish data ( CPI this week) Sector performance is reflationary, high-yield spreads are narrowing, breadth is strong, the Aussie is performing, Commodities are off lows and so on I still don't believe it's going to last, but for now it is what it is. So, again I reiterate my main message from the last two weeks: Strong opinions, weakly held. Being nimble. Trading the market, not expectations. That's going to be even more essential for the coming weeks.
Long
by xxpqxx999