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Usdjpyidea

USDJPY read to fall after resistence testHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:USDJPY We can see a market break its strong support in D1. but weekly candle is running and now price is trading below the resistence. So we are expecting a strong Fall near support area . This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
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by Theranasaramd
USDJPY technical analysisGraph D1 appears a pair of Inside Bar candlesticks. Waiting for today's candle on May 26 is a confirmation candle of an increase or decrease. Looking at the past, there was a combo of Inside bar candles and a confirmation tree is morter bar, showing that the market is compressing and waiting for confirmation candles to clear the trend. If today's D candle closes below 126.75, the downtrend will continue. If the D1 candle today is higher than 127.9, the uptrend is back.
by PhamNgocTu-Forex
USDJPY 4Hr Short! This idea is VERY SPECIFIC (and simplified) in that: Price has tested and closed (this past week) below a very important Daily Resistance Price = 119.322 Resistance Price 119.322 has corresponding Supporting Price at 116.488. This idea remains valid only if downside Rejection at 119.322 sustains-- Meaning, price in time will drop to Support 116.488 for tests-- And failure to support at 116.488 will cause further decline to 111.028 for tests. What if 119.322 turns to Support? Next Daily significant Resistances are 120.681 | 123.353 | 130.945 Visit USDJPY previous idea following this link: Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
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by legacyliked