Usdjpyweeklyforecast
MTF killer zoneThis MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful .
The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the near future (3 to 4 days or periods in this example).
You can use it as a target if you already have an open position in the market, or using a time frame for entry and another for target.
I can send for you on request different time frame the MTFkillerzone, such as weekly and monthly also good for yearly.
I recommend to use it only major pairs, also any other financial instrument ( Commodities , indices, bonds, and equities) .
Enjoy the setup please! :)
Weekly USDJPY ForecastThe pair ended a cycle in wave (1) at 109.76 on 12/2/19 where the 4 hour is turning down. From there the pair can see the 107.50 area before a bounce corrects the cycle from the 12/2/19 highs. While below there it can see another swing lower to correct the cycle up from the 8/26/19 lows at 104.42 where the daily is turning up
WEEK AHEAD 14-18 JAN FOR USDJPY LONG Hello Traders ,
We are expecting USDJPY to move up towards its 50SMA on weekly , since price is at major support and indecision towards downside is seen .
Also whenever we see this type of condition in bollinger band when price is far out of band in higher time frames most of the times price tends to come back inside the band's trading range and many times towards 9 or 20 moving avergaes too , hence even though price is closed below major weekly trendline , we find more probability that price would move towards 110-111 area before resuming its downfall if occurs.
These forecasts are based on interesting patterns found in Weekly charts , i will be updating such forecasts on different pairs after weekly candle close on sighting of opportunity ,
Please like share n follow me for updated trades during the week.
Sell USDJPY Based on Multiple Chart Patterns on Weekly TimeframeThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
A Bearish Flag pattern (ZR) 9/4/17Dear Trader,
This is weekly forecast for usdjpy from 10/04/17--14/04/17.
As we can see from the date of 15th March Rate hike by .25bps seller has taken control over UJ pair and also another reason for Yen demand may be Risk of French election.
There is a expectation of price rising to the resistence line of 111.65 after opening of forex market on monday, then downfall will start. For more reference of USD Pairs follow my dxy idea,link attached.
Take Profit: 109.03, 108.01, 107.04 .
Note: Everything works with Best money management.
Note: Please leave comments for any query.
Disclaimer: Trade at your own risk.
Good Luck...!!
Regards,
Growing forex Team