Clear downside for USDJPYThe dollar yen has confirmed the down move giving a us a bearish candle on the weekly chart. We think this week should end up red too before we enter a consolidation in November as the market awaits the next news trigger to form a direction.
BEAR CASE
We wait for a correction and enter a short. Our exit is near the top of the channel at 112.5
Usdjpybuy
GBPJPY trade ideasI always make sure I move my stop loss to entry point to cover the risk when I'm look at taking these aggressive moves. We should see further weakness from the yen which will push us higher on usdjpy and gbpjpy, but as always remember we can see a fast sell of at any time so be smart and don't just by any random pull back, make sure the price action is creating a nice opportunity
How I look at fast bullish runs USDJPYJust a bit of a look at how I trade these pairs when price is on a huge upside move. It can be very rewarding when you get entry's and straight into risk free but remember anything can happen and just cause price is looking so strong, we can get sell offs whenever... its better to be safe then lose.. risk amounts stay the same ALWAYS no matter how good a setup looks.
UsdJpy- New high in sight?After breaking above range's resistance and marking a new local high above 112, UsdJpy corrected and has confirmed the old resistance zone as support.
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to continuation and a new high around 112.50
I'm bullish as long as the price is above 111
Incoming Bulls | USDJPYOANDA:USDJPY
As it can be inferred from the chart, price broke the bearish structure from the inception where we goa a shift in market structure (SMS), we see smart money active at that point
Now, we see BSL engineered by SM to initiate the bullish order flow continuation
We expect liquidity to be grabbed and we then expect price to come into the OB before shooting higher
USD/JPY BUY ,Waite To Nick line Break Out...
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USDJPY: Breakout Confirmed!!!We finally broke out of the ascending structure after non-stop liquidity grabbing.
Hopefully, the price has captured enough buyers and sellers to make the next solid move either way.
My bias is bearish, I would like to see a slight retracement before continuing into the previous low as illustrated.
What do you think of this chart?
USDJPY: Falling Out of The Sky?This pair is ready to fall out of the sky if you look at it from a money distribution perspective.
I assume the last run of liquidity was to capture orders from the demand area, now we have collected them, we can collapse to the downside.
I will be looking for slight pullbacks before I get involved in shorts.
What are your thoughts on this analysis, comment below.
Tendies ripe for the taking on the USDJPYThe dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart!
BEAR CASE
There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting the 107.5 levels. The liquidations of the longs will result in more selling into the markets as traders are forced to sell their leveraged long positions at a loss in the market.
BULL CASE
If the bulls find the resolve to buy up the dollar at these levels, we think that the price will continue to trade within the descending triangle building up for the downside move that wlll eventually come.