USDJPY LongGood Morning,
I hope everyone is having a wonderful week and trading week. What I have here is my analysis for UJ currently retracing, price has broken structure from our diagonal triangle. Now that price has broken and closed above the diagonal triangle structure, we will be waiting for a pullback and a rejection in my demand zone. Once price drops into the demand zone and has a strong rejection in that area, twill be executing a long buy and hold until price reaches the 134.500 area. If any of you have a similar chart analysis and/or agree with this et up, please leave a like and a comment.
Thank you
Usdjpyswing
USDJPY time for some downside USDJPY been slow over the last couple weeks consolidating at a major resistance area, but have now seen price slip off to the downside showing we could be in for a reversal or longer term pull back. All eyes will be on resistance area 113.500 that's where id ideally like to see a short from.
USDJPY SWINGHey Traders, in this week we're monitoring USDJPY for a buying opportunity around 113.4, we expect the pairs to do a big rally towards 116.500 zones the next month, so we're waiting to catch the best entry. once we will receive any bullish confirmation the trade will be executed!
Trade safe, Joe.
Swing Trading on USDJPY Bull Run. Wait for confirmations Here's my view on USDJPY.
It has been a pretty long bull run for the past few years and it's not going to stop soon. So there are 3 scenarios which will likely to happen.
1st Scenario is there will be a pullback due to a strong weekly supply zone to the nearest support from the past few weeks' price and it will continue going higher and breaking the supply zone weekly.
2nd Scenario is likely to happen if the bears are in control for the next few weeks to keep pushing downwards and after the bear run is over, the price will keep pushing higher breaking the weekly supply zone.
3rd Scenario is another probability where the trend changes suddenly with some fundamental news but the demand zone for USD is kind of making it unlikely to happen.
Also take a note that the Feds is about to decide on whether they will make the Tapering come true at the end of the year. Trade safely and always keep your stop loss on!
USDJPY Swing IdeaDont try to predict the market. Rather, prepare. Create potential scenarios or outcomes and how you will react to the market in those different instances. This will hep control your fear and uncertainty thus, giving you confidence in your trades. I cant give out exactly how I enter trades but I would advise you to have a minimum of three confluences convincing you to open positions.
*Disclaimer*
This is not financial advise. Fore is a risky business. Trade at your own risk. Always exercise proper risk management and have the patience to see your trades play out.
My previous setups and analysis speak for themselves with regards to my growth and precision. Send me a message for more info.
#TradeLikeMagnatrio
USDJPY Short (Sell) Trade Setup IdeaUSDJPY has been making steady gains but has now come into a strong resistance level and formed a bearish engulfing candlestick pattern on multiple timeframes including the 4-hour. We have here an opportunity to short this pair back down as it retests the resistance level as new support.
Whilst the weekly and monthly timeframes are still bearish, this setup is against the 1-hour, 4-hour and daily timeframes.
USDJPY - DAILY - SELL SETUP FROM A SWING LOWERUsdjpy - Daily - This pair has been very hard to forecast due to the bullish yet range bounce price movement recently but given the stength in jpy this week.. with a break of a daily ascending trend line and a head and shoulder pattern broken on H4 chart.. I can see price heading down towards 107.. lets how this plays out..
USDJPY Trade IdeaGoing long on USDJPY
1. Price pinned the 50ema
2. Bullish engulfing candle pattern completed
My stop is a tad below the moving average at 110.110 and
take profit below resistance at 111.042
This set up is purely based on doing buys if price is above the 200ema using it as a trend filter and then the 50ema for entries targeting previous highs.
This trade has a risk to reward ratio of 1:2
Don't bet the farm and always exercise healthy risk management :)