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Usdjpybuy

Possible Long shot on USDJPYI am considering taking a long on USDJPY with a big SL cluster that appears the last hours within 136.15-135.85 area. I need a catalyst that will provide with Upside potential on USD and take a Long on the pair by tracking it's order flows and news catalysts. Possible Catalysts for Friday 9th December. US PPI's more positive than expectations US Michigan data more positive than expectations In case USDJPY isn't close to the lowest SL cluster I will play on this pair by trying to trip SL's along with the news by tomorrow. If you want to trade like a proven funded prop trader take a look at my coaching sessions below Learn Order Flow Trading www.fiverr.com Learn Fundamental News Trading www.fiverr.com Trading Psychology & Risk Management plus all my tools on this session www.fiverr.com Learn Market Sentiment and implement to your trading www.fiverr.com Learn by Watching over my Shoulders www.fiverr.com
Long
by Investing_Bridge
[TRADE CLOSED] Position Went As Expected +340 PipsQuick update for you on this position after getting the entry signal on Friday and the intial 200 pip pop were we had closed 50% of the position and moved the STOP to entry price (which nearly got hit yesterday). You can now see its moving nicely towards the 139 area I talked about in Friday's post the PMI numbers helping price go above 137 today I have now closed 80% of the position and moved the stop loss to 136.500 as I suspect sellers might come back in soon towards 138. All in all it was a great trade with the entry signal of the indicator near perfect you can read my related posts to see exactly why I entered when I did.
Long
by TheFxAce
3
Will This Level Intice Buyers Into Action ??This pair is moving according to my previous idea after we got the move back up into the early 140's price went as expected and is now at the predicted level of 135 and is creating new SUPPLY/SELL zones as it moves which is very good. You can see 135 is the start of a untested Weekly/Monthly DEMAND/BUY zone so you should expect buyers to start coming in below 135 for a short term BUY trade up towards the 139 newly created SUPPLY/SELL zone. Once we get the up swing action towards 139 then this will be a good area to SELL again as I suspect this pair is now correcting this years huge move up and you may see a move back down below 130. Good luck :) p.s. read my related post to see how you can predict these moves too
Long
by TheFxAce
8
UsdJpy to resume its uptrend?Since the beginning of March, following the important 115 zone break, UsdJpy entered a very strong up trend with the pair gaining more than 3500 pips, which is translated into more than 30%, which is immense for a pair like UsdJpy. After two BoJ interventions, one at the 145 zone and the second marking the 152 top, the pair finally cooled down and corrected strongly. However, the overall trend remains bullish and I have no reason to think that this will change. At this moment the pair is trading exactly in a strong confluence support given by the trend line, the horizontal level, and the 140 figure, and a resumption to the upside is probable. My target for this rise is in the 145 zone, technical resistance, and the level for the first BoJ intervention.
Long
by Mihai_Iacob
4
ALERT: Where You Should Look to BUY & SELL USDJPY ??Nearly a 1400 pip drop in this pair over the last few weeks and if you read my previous posts on this pair I was wrong about the 145 area being the top though the first easy target after the drop was correct at 138.500 level which was the previous swing high in the current trend. We are at this level now and just beneath it we have a daily DEMAND/BUY level starting under 138 I will be looking for BUY signals starting to appear under 139 as after that huge drop a correction back up towards 143-145 is on the cards. If the top is in on this pair which it seems to be then you will be looking to sell the corrrection rally around 143-145 area and then ride the move down towards the Monthly DEMAND/BUY zone around 135 or lower. I will keep you updated trade entries as they happen
by TheFxAce
2
Long USD / JPY - High Ratio Return - Long Term Uptrend This long term uptrend since Jan 2021 has been in a solid channel since the channel break out in August 2022. We're now hitting the support area (resistance from April 22), so as long as that holds we're still buyers, and given the rejection of 131.5 indicated by the Pinbar signal, (see below for how to trade the pin bar), we're now waiting for a pullback into that support area to buy back up into the long term channel. There are three profit areas marked on the charts, each one a fibonacci level highlighting the historic price action levels of confulence and potential unpredicability (which is why we take some profit). There is a 6:1 ratio outcome for this long term uptrend on the daily chart, twice my minimum entry ratio to consider a trade to be viable in order to gain a profit.
Long
by CBMotivation
4