Usdjpysignal
USD/JPY | Trading withing TriangleUSD/JPY has been trading within a Symmetrical Triangle chart pattern.
If the direction of the breakout is higher or lower
Key Support Levels: 106.415, 106.88, 107.678
Key Support Levels: 105.173, 105.30, 104.144
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Possible Long Move:
Entry: 105.45
Target: 106.70
Stop: 105.0
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USDJPY signal (SHORT)Hello friends.
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Everything on the chart.
open pos: on pullback or on breaking a local trend line
targets: 105.7 - 105.2
after first target reached move ur stop to breakeven
stop: 106.3,better 106.6 (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 3
Good luck
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Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
USDJPY Trade Plan: Sell on Breakout ConfirmationUSDJPY is making a series of 1-2, i-ii wave structure. This usually indicates a strong impulse move in wave (3) of 3.
Price also rejected a resistance level with two pin bars on the daily chart.
Expecting further decline on UJ once the price breach the green lines on the chart. The breach of the red line will invalidate this setup.
What's your thought on UJ? Kindly let me know in the comment.
Thank You.
Veejahbee.
USDJPY | MY PERSPECTIVE FOR THE WEEKWith over 100pips in our direction since my last publication (see link below for reference purposes); we continue to experience an appreciation in favor of the Yen as the Greenback resumes her decline late into the Asian session of Friday as traders absorb the implications of the Fed's policy shift; herby extending its slide to touch its lowest level since mid-August 2020.
Tendency: Downtrend ( Bearish )
Structure: Trendline | Supply & Demand
Observation: i. Price action continues to respect Day chart Bearish Trendline since February 2020 as market closed on Friday with a significant Bearish engulfing candle.
ii. Breakdown of Support @ 105.500 coincidings with Breakdown of Bullish Trendline reveals the strength of Sellers in the market at this juncture as I anticipate a further Breakdown of structure @ 105.000.
iii. It is advisable to look out for correction in anticipation of a decline in the coming week(s).
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward: 1:3
Potential Duration: 3 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
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.
USDJPY local signal (SHORT)Hello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
targets: 105.72 - 105.5 - 105.15
after first target reached move ur stop to breakeven
stop: 106.36 (depending of ur risk). ALWAYS follow ur RM .
risk/reward almost 1 to 3
Good luck
Follow me on TRADING View, if you don't want to miss my next analysis or signals.
Good luck.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate.
Open to your questions or suggestions(PM to me).
USDJPY SELL OPPORTUNITYIt seems like it's time to go up for USDJPY,... The price lays on strong support level.
...Take it into the consideration anything can be possible to happen, if it breaks down the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
USDJPY Elliot Wave Short Trade IdeaHappy new week traders!
In the USDJPY 4 hourly chart above, price broke out of a triangle pattern and made a five-wave impulse decline in wave (a).
A three-wave corrective move that unfolded has a zigzag pattern follows the sell-off in wave (b).
According to Elliot Wave theory, once a 5-3 wave cycle is completed, the price resumes in the direction of the impulse wave.
In USDJPY case, if this count is correct we should see a massive decline that will take the low of wave (a) in the days ahead.
- Invalidation level is the red line on the chart
- Entry is the green line which has been triggered
Alternative Count: 1-2, (I)-(ii).
Good luck on the chart!
Veejahbee
USDJPY Daily chart analysis, downtrend may resume again.USDJPY did a nice rally after dropping to 104 levels couple of weeks ago. But, now, it looks like the rally is slowing down.
USDJPY has been rejected at the 100D EMA level.
If the price can't break the highlighted area in the chart and stays below the 100D EMA, then it is likely that the downtrend will resume again.
USDJPY can drop to 104 and even 101 in the next 7-8 weeks.
USD/JPY Expected trend for today: BullishThe USDJPY trades at 106.68 and retains transferring in a powerful development and upward channel. USD/JPY is transferring above the higher boundary of Ichimoku Kinko Hyo Cloud. It signifies that there's a bullish development.
If the level 108.15 is broken-out, follow the recommendations below.
Time frame: D1
Recommendation: long position
Entry point: 108.15
Take Profit 1: 109.65
Take Profit 2: 111.20
USDJPY is sending sell signalwait for the right point to go for the sell position, Although it won't be huge decrease but still a good profit.
wait and see what would happen.
...Take it into the consideration anything can be possible to happen, if it breaks up the support level this idea would be failed.
You never quite know where the next big wave or gust of wind is coming from, but you know it is out there.
USD/JPY: Below 106.70 Sell Intact. Next Target 102.00As long as usd/jpy below 106.70, sell will persist. next target 102.00. if we see usd/jpy break above 106.700, we may go long till 108.15 and finally upside target is 110.00. beyond the present fundamental condition, it is hard to test usd/jpy 110.00. US-CHINA, Covid-19, and like such issues safe-haven JPY is still demandable.
USD/JPY still closed the week below the descending trend line. fundamental also support for the downward move.
USD/JPY Sell limit @ 106.10
sl: 106.70
tp1: 104.50
tp2: 102.00
USD/JPY SHOULDER HEAD SHOULDER ON 1HR (SHORT SET UP)TITLE/(DATE)- SELL USD/JPY
ASSET- FOREX
PLATFORM-MT4
ORDER TYPE- Sell limit
Time Frame-1hr
ENTRY PRICE 1- 105.980 ✅
ENTRY 2- 106.080 (pending)
STOP LOSS- 106.280 (30 PIPs)
TAKE PROFIT 1- 105.680(30 PIPS)
TAKE PROFIT 2- 105.380 (60 PIPS)
TAKE PROFIT 3- 105.080 (90 PIPS)
TAKE PROFIT 4- 104.780 (120 PIPS)
STATUS: active
USD/JPY Turning DownUSDJPY prices are falling since the mid-2015 year. In the 2020 year, it has made a low price of $101.180 . Are you still expecting up moves for the short-term? Then wait for the breakout of USDJPY-Bull Resistance .
According to my Parallel Channel (B), short positions in the range of $106 to $106.5 or below with targets at $105 - $104.5 - $104.260 in extension.
Breakdown of Parallel Channel (B) means a big explosion and double confirmation for sellers. Day traders can take benefit easily by examining fake-out.
For intraday traders: Don't mess after an upside breakout of $106 level. Wait, watch, jump, and earn!
What will happens after bursting out from USDJPY Hourly Support? I will update it soon.