Usdjpyshort
USDJPY (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY
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Where To Next 900 Pip Move On The Cards??I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area.
What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals on the TRFX indicator as we approach this price or go above it into the SELL zone.
The for this move will be a NEW low in the current downtrend as you can see on the chart a nice target for this is the 125 level which is a previous strong resistance which should now act as a solid support and nice target for bears.
This trade may take a few weeks to play out though if it goes as expected above then there is 900 pips or more to be made on this pair.
Hope you enjoyed the post comment below if have any questiions
USDJPY 4H: 09/02/2023: Short opportunity!
Main Idea:
Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward.
For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter.
You can see all the important zones and levels on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️09/02/2023
🔎 DYOR
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USDJPY Trading Plan - 8/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect USDJPY to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
USDJPY - Daily Trade Idea - 8-Feb-23USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Selloff started ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are in a bearish market structure from daily perspective, as we can see price rejected from bearish order block + institutional big figure 133.000. I will look for a short position if price retraces on lower timeframe.
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USDJPY H4: Bullish outlook seen, further upside above 130.50On the H4 time frame, prices are approaching the support zone at 130.50, in line with the graphical support zone and 50% Fibonacci retracement where a pullback to this zone could present an opportunity to play the bounce to the resistance zone at 134.50. Prices are holding above the Ichimoku cloud, supporting the bullish bisa.