Usdjpyshortsetup
UsdJpy- Back to support?After breaking the descending triangle resistance, UsdJpy is stalling at horizontal resistance, just above 109 figure
Sellers can found a good R:R trade if they target horizontal support
I m looking to sell
USDJPY (Sell Limit)Been eyeing this move for a while looking for a deep pullback before being bullish again.
USDJPY shortShort position USDJPY, sell below 105.25, targets at 104.80-104.55, extended target at 104.40
USD/JPY Look For Further DropThis plummeted yesterday and this morning which made for a great trade on yesterdays idea to short. This is now at support so I expect some hold up at this point with a slight retrace before potentially breaking through the next support.
I do not expect much resistance to breaking this support so a short can be taken on the retrace at around 105 would be good. This approach is also to make up for the small risk/reward of the trade if I took the normal approach of entering after breaking support and entering on the retest.
TP is at 0.618 Fibonacci - 104.264
USD/JPY Upward Channel Trade.Hello traders, USD/JPY is trading at 104.90. The price is trading in upward resistance and support channel, it can go down from here as it has already touched its resistance level. As the price has touched resistance level it can rebound back from here to touch support level, If price breaks 104.73 level then it can hit first target at 104.43 and second target at 104.04.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USDJPY in ChannelHi Traders,
In my opinion price can pull back from upside of channel. We can open short position as soon as JPY will start falling. Support (102.000) can be our main target.
USDJPY, Wants to challenge strong Support, ShortUSDJPY, bounced back and rejected due to strong trend line! watch out Friends!
USDJPY Forming Descending Wedges Pattern.Hello traders, USDJPY is trading at 103.97. The price is trading in a downward resistance and support wedges and can consolidate further before starting down trend. If the price breaks the key level at 103.88, it can continue its down trend and its target prices are as follows. 1st target price at 103.32 and 2nd target price at 102.59.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USD/JPY 4H head and shoulder pattern!Overall sentiment is to short it. Now I will be looking for the best oportunity to sell it. Scale it up into 1h, 30min, 15min and find the best entry!! Good luck to you all. Let's smash it!
USDJPY - SHORT POSITION (4HR)Confluences:
- 4HR EMA Crossover
- Rejection of 51 EMA
- ABCD Pattern Formation
- 71% Fib rejection
- 1Hr Spinning tops signalling indecision
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 104.10. The pair is trading in a sideways trend and can break the support level to start a new down trend. If the price breaks the support level at 103.66, then it can start a new down trend and its first target will be at 103.20 and second target will be at 102.65.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USD/JPY Technical Analysis.Currently, USD/JPY is trading at 103.91. The pair is trading in downward resistance and support wedges and can continue the same trend if it breaks the support level at 103.79. If the price breaks the support level, then it can continue the downward trend and hit the target price at 103.14.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
UsdJpy to break supportUsdJpy is in a downtrend for quite some time and clear support for this pair is just above 104 zone.
I believe this support will be broken and the pair could drop to 103 or even 102
Yesterday UsdJpy had a spike above 105 and reversed aggressively confirming strong sell in that zone.
Rallies should be sold and only a daily close above 105.20 would delay this outlook
USDJPYPotential SELL re-entry at test of fib retracement levels + Breakout below rising wedge support ↘️.
