Looks like a sellHi Traders,
USD pairs has been showing weakness across the board recently and with a little volatility throughout the U.S session today, some corrections have been coming together as this week is is wrapping up.
As price is at the top of the ascending channel, a strong push down could give us CAB entry with some room to drop.
Good Luck!
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Usdjpysell
USDJPY: Breakout Trap ⚠️Have buyers been lured in with a clean breakout creating support? It is a possibility.
If this is the case, I would like to see some sells from this region.
The ideal entry would be on the pullback after the BOS but aggressive traders could consider this region.
For this sell to work, price cannot pass the high marked or the setup will be invalidated.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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USDJPY short on risk-aversion expectations Current US high debt along with Omicron variant triggering a spike in covid cases and border closings right after the FED and other central banks announcements to reduce liquidity may push investors to flight for safety and enter into risk-aversion mode creating demand for the safe-heaven currencies, including the JPY.
USDJPY | Sell on Strength USDJPY is trading in a short term symmetrical triangle. Sell on strength strategy can be adopted while following overhead trendline.
Alternatively, if it manages to break the overhead resistance the pair can become bullish and bulls will push the price to upside.
Trade your levels accordingly.
GBPJPY will it hold?This 155.214 level for the GBPJPY is extremely crucial? Will it hold for more sustained upside or will this range bound trading continue? I am slightly bullish to the upside for one last blow off top. But there are other pairs that have clearer direction. If you'd like to enter a trade, control your risk and expect price to turn against you. I'd personally long 155.214 at less than 1% of my account size and ride it to 160.
USDJPY more upside to come. The dollar yen is trading in its wave 4 range, lurking in the dark to pounce onto the wave 5 impulse. I think the fed's decision on rates may surprise us in the coming weeks leading to a strong dollar rally and a sell off in risk on. Short term, the 113, 112 or even 111 are in play before this upside. We are expecting wave 5 to test 120. Trade safe!
USDJPY | Update | Next Move? USDJPY has been following parallel channel by its heart and core. We were long when it was at trendline support (Check USDJPY chart) and attempted short from the horizontal level (Check Chart).
Currently we are expecting it will take a hit once again from horizontal level and price will come down. Alternatively price can break the resistance and test the channel top. To take the right trade wait for the price action and candle stick.
Trade your levels accordingly
UsdJpy- Lower high in placeAfter a bearish Pin Bar in 115.50 zone resistance followed by another bearish long-tailed rejection candle, UsdJpy has dropped under the important 115 figure.
At this moment we can consider that a lower high is in place and expect continuation to the downside.
Rallies above 115 should be sold and bears could target 112.50 support zone.
A daily close above 115.50 would negate this scenario
USDJPY LONGS 📉📉📉📉 Expecting bullish price action on UJ as we are in a bullish market strucutre on a HTF premise d1/w1, USD is strong on mid-term term perspective, we are rejecting a bullish orderblock on h4 filling a d1 imbalance. Any bullish candlestick closed on h1/h4 would be a nice long confirmation
What do you think ? Comment below..
USDJPY: TRADE 4Hr Elliot Price actionAccording to the Yen chart, we see that it is in the path of the third big wave and can buy with any downfall, and now we are in the next five microwaves, in which we are in three corrective waves. We are now waiting for the formation of wave "c " for its end at the level of 0.5 Fibonacci and in line with the previous fourth wave.
USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
More downside coming for the USDJPY.There will be more downside coming for the dollar yen in the coming weeks and I expect price to get some support and start consolidating around the 112.8 levels. All eyes are on the fed's meeting next week. Their stance will determine the next course of action from there. If you are not in the short , you can wait for a pullback and a quick scalp down to the 112.8.
USD/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
USD/JPY:Daytrade-Execution
Market-Sell-Order: 114.530
Stop-Loss: 114.650
Point of Risk-Reduction: 114.430
Take-Profit: 114.060
Stop-Loss: 12 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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Peace and good trades
Irasor
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USDJPY Sell Trend.!#USDJPY Hello trader, I hope are good and safe. Today I opened the chart of #USDJPY for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #USDJPY will go downside,
Now Nice opportunity for short.
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