USDJPY top-down analysis, UPDATEDHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Usdjpysell
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPYhello Traders
Here we are expecting a USDJPY Short trade idea. push like And keep us going ,
usdjpy - it may be reverse from here so we are looking for short
- Now the current price is approached towards strong area and where i am expecting reverse and there is no need to wait .
waiting for dollar weakness
SHORT
Why are we entering?
- Expecting JPY strength and USD weakness
- Price broke the ascending trendline = bearish
Entry
now is a good time
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- TP: 112.200
USD/JPY 4HR CHART HEAD AND SHOULDERS SET UPHi everyone this is my trade set up for the USD/JPY for the new week ahead
USD/JPY i think will push lower as it formed head and shoulders last week and closed below the neck line, so I expect a nice sell set up
look for sell activity in the order block lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
Is the wave 5 completed for USDJPY?Is the wave five impulse completed for the USDJPY or will we see one more fake out to the upside to catch traders the wrong side? We're neutral about the price action at this point
BULL CASE
Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around 111.
BEAR CASE
Price could be ready to move down from here, If this happens, we're looking at the 112.7 levels before some support is met.
Trading Signal For USDJPY Trading Signal:
There is a Trading Signal to Sell in USDJPY Currency Pair.
Traders can open their Sell Trades NOW
Rank : ⭐️⭐️⭐️
⬇️Sell now or Sell on 114.64
⭕️SL: Close above 115.05
🔵TP1 @ 113.40
🔵TP2 @ 112.75
🔵TP3 @ 110.85
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A divergence signal appeared with USDJPYH4 time frame.
Structure: Uptrend.
After the price rallied to the 115,000 resistance area, there is now a divergence signal and a double top on the 4-hour timeframe.
Waiting for the falling price to break the Key level 112,800 and have a signal to confirm the downtrend, then we can find selling opportunities.
Profit target is the price zone 111,000.
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Wish you all have a good trading day!
USDJPY KEY LEVELS WHAT TO LOOK FOR!So USDJPY back to the consolidation range, REMEMBER this consolidation range is a long term daily resistance also, so shorts from 114.200 is what I'm hoping for but will still look at taking buys off the support of 113.500. Either way wait for price to show the signs from the levels and always take some profits, good luck!
Indecision for the USDJPYThis chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5.
BULL CASE
Price to break farther up from here, retest the top of the channel and find a higher high. This could be a rather short wave and we may find rejection as soon as 115.
BEAR CASE
The downside should be rather capped for this pair and if there's a big one coming, it will need to trade sideways for a bit.
USDJPY at an inflection point.Is Biden going to drop Powel? That's the million dollar question. Inflation is on the verge of bursting out in the US, if that happens, we will see price break out of the channel to reach higher heights. Otherwise, a rejection at the top of the channel to remain status quo is set to play out.
BEAR CASE
Until proven otherwise, our bias is status quo, we are expecting a price rejection at around 95.5.
BULL CASE
If price breaks out convincingly, we will wait for a pull back to make sure it's not a fake out and go for a long. The retest at 95.5 after a break out is in our sights.
USDJPY , Its time to sellHello guys
According to last analysis about USDJPY we shown resistance zone and now the price is in it and it seems that is making a triangle and its ready to fall down
We can be in position short with nice R/r and take profit until the 1st target and if the price can break the first target powerfully we can use our strategy for the second target
And we check the chart in multi-time frame and in 1h time frame we took another acceptance for taking short position
Dont Forget use stop loss and money management
Previous analysis :
Good Luck
Abtin
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.