USDJPY Long idea.CURRENCY PAIR: USDJPY ;
Time Frame: 1D - 4H;
LONG OPPORTUNITY : Buy on support line , after reversal pattern of trend.
Looking new up moves.
first tp is 108.500
Usdjpylongsetup
Thoth Strategy - USDJPY - 62% - 72% Profitable - 01/01/18
Uses:
Linear Regression Divergence
Ichimoku Cloud
Zero Lag MACD
Zero Lag EMA , John E.
Hilbert Sine wave support and resistance
Features:
Date Selector
No Repaint
Alarms
Trading Version
"Thoth the Egyptian scientist, mathematician and engineer. In art, he was often depicted as a man with the head of an ibis bird"
Made in Qmt with 999ug.
USDJPY H1 looking for long entry setupA double bottom is required as it broke some of the strucutre in H1 chart. Awaiting to long at 106.88 or even lower, preferably lower as long as it didn't break and close below the buy zone.
EP: 106.88
ISL: 106.47
TP1: 107.17
TP2: 107.37
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USDJPY watch for breakout!
USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance line. A breakout of our intermediate resistance at 105.97 (horizontal swing high resistance, 50%, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, double bottom exit potential) might provide the bullish acceleration to our major resistance level.
RSI (34) is also seeing a bullish exit, a good precursor of a potential rise in price.
Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
USDJPY Falling WedgeUSDJPY Multiple Time Frame Analysis showing weekly chart (top left), daily chart (top right), 240 min (bottom left), 60 min (bottom right). At the moment finding support around 105 with a falling wedge developing on the daily chart. Looking for upside as the wedge formation completes and price works its way back above the short term moving averages. Notice that price is already above the 60 min 50 sma for the moment.
USDJPY has made a strong bullish exit, upcoming rallyUSDJPY has shifted momentum strongly towards being bullish and we’re at a good level to enter a long trade.
Buy above 106.35. Stop loss at 105.40. Take profit at 108.45.
Reason for the trading strategy (technically):
Price has made a bullish exit of our long term descending resistance-turned-support line meaning our momentum is shifting from bearish to bullish. We look to buy above major support at 106.35 (Fibonacci retracement, horizontal overlap support) for a strong push up to 108.45 resistance (Fibonacci retracement, horizontal pullback resistance). We do have to be cautious of intermediate resistance at 107.82 (Fibonacci retracement, horizontal swing high resistance).
RSI (89) sees a bullish exit on RSI signalling a shift in momentum from bearish to bullish too.
USDJPY has reached our profit target perfectly,further rise!USDJPY has made another bullish exit with great upside potential.
Buy above 106.48. Stop loss at 105.81. Take profit at 108.51.
Reason for the trading strategy (technically):
Price has rose perfectly to our profit target and looks poised to rise further after breaking a strong descending resistance-turned-support line. We look to buy above 106.48 (Fibonacci retracement, horizontal overlap support, breakout level) for a push up to 108.51 (Fibonacci retracement, horizontal pullback resistance). We do have to be cautious about 107.78 resistance as price might react off that level.
RSI (89) has made a similar bullish exit signalling a change in momentum from bearish to bullish.
USDJPY has broken major resistance, potential upcoming rally!USDJPY has broken major descending resistance and also overlap resistance triggering a strong rally. We look to buy above major support at 106.41 (Fibonacci retracement, horizontal overlap support, breakout level) for a push up all the way to 107.85 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (55) has made a similar bullish exit signaling that we’ve seen a change in momentum from bearish to bullish.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDJPY rising perfectly, remain bullish for a further riseUSDJPY has shot up perfectly and has surpassed our intermediate resistance, leading to a further rise.
Buy above 106.41. Stop loss at 106.18. Take profit at 107.09.
Reason for the trading strategy (technically):
Price has rose perfectly to our first profit target and has surpassed that level. We are now seeing major support at 106.41 (breakout level, Fibonacci retracement, horizontal overlap support) that should provide the support we need to see price push up to 107.09 resistance (Fibonacci retracement, horizontal swing high resistance).
RSI (34) has made a nice bearish exit from our long term descending resistance-turned-support line signalling that a rally is expected.
USDJPY facing massive bearish pressure, potential further drop!USDJPY is experiencing massive bearish pressure from our descending resistance line and we are seeing major resistance at 106.41 (Fibonacci retracement, horizontal overlap resistance). A drop could occur from this level to push price further down to 105.29 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees a descending resistance line add to our overall bearish sentiment on USDJPY.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDJPY starting to break out nicely, time to turn bullishUSDJPY has started to form a bullish exit, time to start buying to play the breakout.
Buy above 105.85. Stop loss at 105.40. Take profit at 107.09.
Reason for the trading strategy (technically):
Price has started to break out of our descending resistance-turned-support line signalling that a change in momentum should be expected. We look to buy above major support at 105.85 (Fibonacci retracement, horizontal overlap support, breakout level) for a push up to at least 107.09 resistance (Fibonacci retracement, horizontal swing high resistance). We do have to be cautious with our immediate resistance at 106.44 (Fibonacci retracement, horizontal overlap resistance) which needs to be broken to open a further bullish recovery.
RSI (34) sees descending resistance which coincides with our resistance at 106.44. A break above our descending resistance needs to occur before a further rise can be expected.
USDJPY Buy Soon. Harmonic + Double Bottom Possibly.I think USDJPY will complete the pattern for a buy with at least a 2:1 risk/reward ratio. Possibly more, trade as your own risk.
USDJPY to Hold Support?A simple look at the daily chart shows a trend line that can be drawn from the previous lows and touches the current low in the Yen. It is a make or break level which if held could set up for a move back to the 1.10 level and possibly above. If the level does not hold then another strong push can be expected which would reach down toward the 1.05 level. It's important to look for triggers on the lower timeframes and if they don't fire off then stand aside and look for a move beneath the trend line to establish new short positions.
USDJPY outlook for a longSupport at 107.830 (thick red line) seems to be a buy signal for most, although there is strong support coming from 2012 (purple line) which was tested in June 2016, twice in August 2016 and twice again in September 2016 which all failed to break. Ill be placing buys when UJ touches the purple support line, with SL below the thick red line - personally don't think 107.830 level will be reached so a good setup for a long
USDJPY dropped perfectly as forecasted, prepare for a bounce USDJPY dropped perfectly as forecasted and is seeing major support above 110.50 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to at last 111.41 resistance (38.2% Fibonacci retracement, horizontal swing high resistance, Fibonacci extension).
Stochastic (55,5,3) is seeing major support above 2.5% where we expect further bullishness.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDJPY testing major resistance, intermediate correction could oUSDJPY is now testing major resistance at 111.41 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a drop from here could occur pushing price down to at least 110.60 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 97% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDJPY testing major resistance, prepare to sellSell below 111.42. Stop loss at 111.73. Take profit at 110.61.
Reason for the trading strategy (technically):
Price is testing major resistance at 111.42 (Fibonacci retracement, bearish bar harmonic formation) and we expect to see a strong reaction off this level to push price down towards 110.94 before 110.61 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 94% where a corresponding reaction could occur.
USDJPY dropping nicely as forecasted!USDJPY has dropped nicely from our pullback resistance level of 110.96 as expected (major 50% Fibonacci retracement, horizontal overlap support stretching back to mid August 2017). More bears have jumped into this trade and this could drive price down towards 109.88 support (100% Fibonacci extension, Fibonacci retracement, swing low support).
RSI (34) remains in a descending channel showing that there is still bearish momentum in this move.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
