Usdjpysignal
USDJPY (Sell Limit)Been eyeing this move for a while looking for a deep pullback before being bullish again.
USDJPY EASY TO UNDERSTAND MARKET ANALYSISAfter a break out the market pushed 170+ pips, Great example of a trend line breakout,
Please comment below should you have any questions
USD/JPY: to correct lower soonhi,
bottom line, I do expect 106.60 to happen within 5-8 trading sessions
good luck
Take a short position on USD/JPYAs you can see price is moving up within an ascending channel. It has reached to its highest level now and for continuing to go up it needs a correction. So bearish movement is technically possible
USDJPY SHORTPotential 3rd touch in usdjpy structure and a small structure is formed with a double top providing a beautiful opportunity to go short .
Its going to be short according to my analysis 🙏
USDJPY ABC correction in formation?USDJPY has completed 5 impulse waves. 1-5.
Based on the formation, we'll have a C leg down soon completing the ABC correction.
USDJPY - BUY TRADE SETUP#USDJPY - Possible Buy Trade setup.
Use Max (0.5% or 1%) Risk / Trade.
Is this A Good IDEA or Bad?
Please Correction below, Thanks.
USDJPY | Perspective for the new weekMy last publication (see link below for reference purposes) on this pair saw price move against expectations as it continues to find Higher Highs. From a weekly perspective, the successful Breakout of Y104.150 confirms the completion of a Reversal pattern with confidence that supports a Bullish bias in the coming week(s).
Tendency: Uptrend ( Bullish )
Structure: Trendline | Breakout | Supply & Demand | Harmonic pattern (AB = CD)
Observation: i. Since the Breakout of Y104.150, I am of the opinion that the correction phase is yet to complete hence patience is required at this juncture.
ii. In this regard, I suspect that the correction phase might evolve into a Harmonic pattern (AB = CD) before the rally begins.
iii. The line drawn under pivot lows ( Pivot I, II & III) explains and graphically represent the prevailing direction of price (Uptrend).
iv. It is very possible that we might experience a temporary Breakdown of this Trendline due to the Harmonic expectations in anticipation of the rally.
iv. The significant Breakout of Key level confirms that the Supply Level no longer holds as the sharp rejection of Y104.400 on the 10th of Feb. 2021 suggest we might be having a new level for Demand @ Y104.400/103.800.
v. Should price decides not to decline into the Demand zone in the coming week(s), a significant Breakout/Retest of Y105.100 could be a buying window to take advantage of.
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 7 to 12days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USD/JPY Short to 0.618 FibThis may be a risky one but looking to jump on a short from current price down to 0.618 Fibonacci as I was previously aiming for. There is support between current price and that target which it has just rebounded from, that is what makes this risky. Also JPY has been weak recently so this may be a risk not worth taking for some people.
TP - 104.264
UsdJpy near strong supportAfter breaking the falling trend line resistance at the end of January, UsdJpy also broke above horizontal 104.30 resistance and accelerated up and reached shy under 106 resistance.
Now the pair is in a normal correction and very close to this new support.
In my opinion, the trend for this pair has changed and we can expect a new leg up once this correction is finished.
I'm looking to buy UsdJpy and only a daily close under 104 would change my bullish outlook
USDJPY LongUSDJPY long on the daily timeframe. Simple support to resistance trade. TP and SL are as shown.
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
USDJPY Running PositionUSDJPY short was entered with absolute precision. Currently running in profit and SL has been moved to break even. This is a swing so all risk must be removed as soon as possible. Risk free trade.
Follow for more analysis.
