Usdjpybuy
USD/JPY New Analysis With Great Risk Reward 1:5This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD/JPY BUYUSD/JPY has been in an uptrend respecting the green trend line .
By using the Fibonacci retracement indicator , I can see that the price has retested the 0.618 fib level which indicates the continuation of the uptrend .
I expect the price to increase until it reaches the yellow resistance level and will wait to see if it manages to break it and continue the uptrend or a reversal to happen
USDJPY - DON'T MISS THIS OPPORTUNITYIve worked down in timeframes.
On the 4H, Price is sitting around 105.050 region, which has previously acted as a key Support Zone.
On the 1H you can see a clear descending channel, which price broke today. We are expecting price to retrace back into the channel.
The Stochastic indicator is clearly showing an oversold market on both 4H, 1H and 15min.
We will look at a buy trade, to learn more on our position, please do not hesitate to contact me.
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USDJPY buy from current levelUSDJPY buy from current level
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USDJPY LONG soonWhat I see here is quite interesting and letting us to be prepared to jump in trend, as you see price broke our weekly trend line in point A then price went all the way up to touch our Daily trend line, then going back for our strong support and golden fib area . we can put pending order for 25 pip lower to minimise risk for this trade. 1/3 R:R
Lets see how price reacts our strong support with strong confirmations technically ...
Dont forget about risk management key to success ...
GOOD-LUCK MY FRIENDS !!!