Usdjpybuy
USDJPY TREND REVERSALUSDJPY
As the risk sentiment arises the safe heaven Yen has gained the major strength and rallied almost 1000 pips and reached 101.300 level and stalled
We can expect further upward rally in comingdays
Buy orders may placed at 104.300 level
And potential take profit will be 106.800
Stop lose may placed below 103.500 level
USDJPY - Trade idea - 6 Risk:Reward - Long termThe market has been ranging between important zones on weekly timeframe. The market has now printed a bullish pattern(the M pattern), suggesting a bullish move after forming the bottom of the last leg of the M pattern.
Entry: 105.240
TP: 111.5
Stop loss: 104.240
USDJPY (15min chart)Este par en 15min me esta haciendo un patrón que me gusta, y se repite siempre mas y mas, después de una fuerte caída en esta temporalidad y después de analizar la temporalidad mayor DIARIA, me encantaría un rompimiento de estructura para luego buscar mi entrada en largo, claramente me encantaría que hiciera este movimiento, pero otras cosas pueden pasar también.
USDJPY may pullback a little after the massive sell-offIn my previous analysis on USDJPY, I recommended you to sell between 112-112.30 area. If you followed that, you have already bagged a massive profit of 400+pips(see idea link attached below)
Through this idea, I would like to tell you that there could be a minor/decent pullback in the coming days provided we see some form of bounce back in the stock market.
USDJPY is currently at a historical level from where we have seen multiple bounces in the past. There is also an equal likelihood of price breaking the level and dropping to the next major support.
So, if you see some form of bullish price action in the lower time frame, you can look for countertrend buys with small TPs.
That being said, exercise caution before executing any trades because the market is very weak at the moment.