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Usdjpyshort

UJ Sell-off ExpectedExpecting USDJPY to dive in price this evening due to the BOJ Monetary Policy Statement release and following Press Conference, which usually tends to heavily favor the Yen. Expecting a drop of about 400 pips, and for pricing to replicate a move reminiscent of the one on December 20, 2022 as illustrated. My previous sell chart may enact shortly before the news as well now that buying pressure is wearing off. Sell Entry: 136.000 Targets: 135.750 | 135.240 | 134.800 |134.500 | 124.230 | 133.760 | 133.340 | 132.915 | 132.560 Support: 132.000 Be sure to like this post and let me know what you think in the comments below!
Short
by DollarYenQueen
3
The Winning Formula..Hey Traders, You'll have seen on my prev editors pick we looked to short USDJPY. It tumbled enormously. But, as we predicted it comes back up for RE entries on shorts. Where you re enter short is incredibly important; too early and you will lose money, too late and you will lose money. The sweet spot comes when you trade 'factual price' levels and what is real to you and me. Within this is following the natural flow of a market. That means, when you rebound up on longside trades you are looking to rebound down on short side trades. But these short side trades are not one trade, they are a series of trades following the new trending market, as you can see we have here. Entry 1 gives you gain 1,entry 2 gives you gain 2. This can be followed until ultimately you reach key PA levels for longs. That's because your bias must change once the validity of the market direction is no more. In other words, the low price is too low to short. Trade with a plan.
by WillSebastian
DXY Top short term top is in short USDJPYThe dollar is in a secular downtrend. After a brief respite I expect the downtrend to resume. The BOJ is currently still defending their YCC and while they will continue this policy a while longer I expect it to be modified and eventually phased out. This will lead to higher yields globally but especially in Japan. This should help to strengthen JPY so I like going long Yen here. If you can't trade forex look at long FXY as a good proxy.
TVC:DXYShort
by The_Pain_Trade
This Trade Is Making Me Uncomfortable Normally, I’m sure of my trades. When I feel uncomfortable about a trade I normally don’t take it and most of the time that’s the trade that ends of making me money. However, when the trade loses I feel vindicated, but that’s a false feeling. Van Tharp taught a trader should write down our beliefs. I’m doing that. Mark Douglas taught traders to take every opportunity or else they end of creating false trading data. So, I have to trade even when I’m uncomfortable. So, now I have no choice but to find where this feeling is coming from. Let me explain: The 4 hour timeframe reversed this week and has now made two lower lows. I see this as price telling me to sell using my downtrend TMP strategy. What makes me uncomfortable is when I look at the 12 hour and daily timeframe, to me, price is still pushing up. I hate when my timeframes are off this way, but it doesn’t mean the trade can’t work out. Keep in mind, I’m not writing this post looking for answers or for someone to clarify this for me. I’m writing this to get my thoughts and feelings out and to push myself to trade the opportunity regardless of my feelings. So, am I in this trade? Yes! I have to be. It fits my rules to trade on the 4 hour timeframe. What makes me feel a little bit better about being in it is I decreased my position size. Recently I increased it and it has paid off, but a trade where I know my feelings are involved, I’d rather decrease the size, take the trade because it fits my setup, and let the trade play out. Who knows, I could win. If I lose, I can live with the small loss and setup for the next trade. Let’s face it, if we let out feelings get in the way of every trade we’d be holding ourselves back, right? This is the trader side in me sharing my thoughts and feelings. Most people won’t do this. I understand why, but sometimes letting the ego go to be real with yourself can help you more than making it seem like you have everything under control 100% of the time. -Happy trading my friends
Short
by ShaquanLopez
5
USDJPY H4 ZONE MARKINGWe have USDJPY H4 Analysis for Zone Marking. According to this analysis, we can see the price still running Above 200MA & price Running ascending channel using pattern of Higher High & Higher Lows This sign of buying pressure for more confirmation we have marked demand & supply zone which is mentionedin the downside. Demand zone1@ 132.276 to 131.460(Strong) Demand zone2 @ 131.000 to 129.648 (strong) Demand zone3 @ 128.525 to 127.759(strong) supply zone1@ 136.890 to 137.532 (Strong) Supply zone2@ 137.751 to 138.246 (strong) With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
by Enclave_fx
USDJPYHi USDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992