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Usdjpysell

USDJPY Bearish Continuation SetupHi traders! Hope y'all having a great weekend. Let's quickly take a look at the USDJPY 2 hourly chart. The decline from wave (y) high is very sharp and impulsive and breaks the previous bullish structure. According to Elliott Wave theory, a three-wave correction follows every impulse before the market resume in the direction of the impulse. The rally from wave (i) low can be seen as the correction and it has already retraced about 61.8% of the impulse leg. If this count is correct, once the correction is completed we should see another sell-off in wave (iii). Any further rally must stay below the invalidation level for this setup to remain intact. What's your view on USDJPY? Let me know in the comment. Thanks for reading!
Short
by Veejahbee
USDJPY Set Up For a Major ReversalHi Traders, USDJPY decline from wave 5 high looks impulsive as there is no overlapping swing sequence. According to Elliott Wave theory, a three-wave correction in the opposite direction follow every impulse move before the price resume in the direction of the impulse. This correction seems to unfold as a double zigzag pattern, labeled (w)-(x)-(y). This correction retracted 78.6% of wave A and also made a double top. If this count is correct, the price is expected to move lower in wave C, and targets below wave A low are plausible in the weeks ahead. What's your view on USDJPY? Let me know in the comment. Thanks for reading!
Short
by Veejahbee
USD/JPY SELL SIGNALHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a conmfirmation! USD/JPY: Daytrade-Execution Notice: Market is really choppy and moving weird ahead the NFPs. Keep your risk low or stay out. Sell-Limit-Order: 109.335 Stop-Loss: 109.660 Point of Risk-Reduction: 108.940 Take-Profit: 108.360 Stop-Loss: 33 pips Risk: 0,5% - 1% Risk-Reward:3,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
4
USDJPY Long Idea for the next 3 months The USD/JPY pair extends its previous two session gains and continues to march higher in the European session on April 28. The pair peaked at 109.08, the level last seen on April 14. At the time of writing, USD/JPY is trading at 108.80, up 0.03% on the day. Upbeat US economic data continues to strengthen investors risk appetite, thus helping to gain a stronghold for the greenback. US CB Consumer Confidence data rose to 121.7 in April from 109 in March, beating market expectations that stood at 113. I am expecting the green back to weaken in the next weeks because of inflationary pressure that coming from the Commodities Market ( Lumber, Platinum, Steel) On the other hand, Japanese policymakers kept short-term key rates unchanged at -0.1%, as widely expected on Tuesday, and cut its consumer inflation forecast to 0.1% from earlier predictions of 0.5%. Retail Sales increased by 5.2% on a yearly basis in March. However, the concerns of lower inflation expectations, and thus the lower interest rates, overshadowed the good sales number. As said, the Japanese government is ready to impose strict measures and limit many businesses from operating to curb the rising coronavirus infections in the continent. Investors are now ready to place bets on the yen. On the technichal side, the Price is retracing from 0,38 to 0,23 Fibu, and it was rejected. The price now is moving down side and it started to form a channel, I am expecting a movement down to 0,61 Fibu level. Do not hesitate contacting me if you have any Questions!
Long
by SaraSadki
2