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Usdjpyidea

USDJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as i do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 108.73. The pair is trading in resistance and support wedges in an upward channel and can break the support level to start a new down trend, as the long-term trend is down trend. As the price has already touched its support level and gave a small pullback now it is again going towards support. If the price breaks the support level at 108.60, it can start a new down trend and then its targets will be first target at 108.32 and second target at 108.01. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 109.40. The pair is trading in resistance and support wedges in an upward channel and rebounding back to touch its support level. As the price has already touched its resistance level and rebounding back to its support level, it can give a small short opportunity. The entry price is 109.40, stop at 109.70 and target at 108.96. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
UsdJpy to resume its uptrend?In yesterday's comment, I said that the long-term trend for UsdJpy is clearly up and the drop from 111 is just a correction. Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break A small retracement could follow at this point and this could be a good opportunity for bulls to open longs As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
Long
by Mihai_Iacob
8
USDJPY-Formation of Diagonal pattern at the end of wave IVIn the weekly chart the price movement is forming a Triangle pattern, we are currently in the C wave from point D. ( Weekly Chart ) The daily chart shows the structure of the waves, which indicates that the iv wave from point C has ended and the price is rising in the V wave, which can be extended up to the range of 112. ( Daily Chart ) In the one-hour chart, the Diagonal pattern can be detected clearly, which can be an indication for the termination of the downtrend in the iv wave.
by NirmataFX
1