USDJPY BUY UPDATE!!!!Good day, gang
1:1 has been achieved
Now let's aim for 1:2
Secure half of the profits and the rest let them run to take profit
JPYUSD trade ideas
30-mins USD/JPY: Is The Dollar Sliding Further South Over the past month, USD/JPY has fallen by over 600 pips, with the price now more than 1,000 pips below its summer highs. Despite an 80-pip rebound since Friday, the overall momentum remains strongly bearish, as confirmed by a "Death Cross," where the 20 MA dropped below the 60 MA. Last week, the RSI dipped into oversold territory, attracting short-term buyers who pushed prices higher. This temporary uptrend could extend to 150.50, aligning with the critical 61.8% Fibonacci retracement level. Should this level act as resistance, further declines are likely. Traders aiming to align with the broader bearish trend might consider selling USD/JPY around this higher swing point near 150.50 for a better risk-to-reward ratio.
Read The USDJPY MarketLet's Looking at USDJPY Price Actions and Predict the Next Moves and Maybe Finding Some Trade Opportunities, Good Luck With Your Trades <3
#USDJPY Taking a closer look at the USD/JPY pair on the 1-hour timeframe, the current price action highlights a significant area of interest that could dictate the next move in the market. The momentum appears to be building around this key zone, offering potential opportunities for both intraday traders looking for quick gains and scalpers aiming to capitalize on shorter movements. Whether it leads to a breakout or a reversal will depend on how the price interacts with these critical levels, making patience and confirmation essential for executing a well-timed and calculated trade.
Bearish drop?USD/JPY has reacted off the pivot which is an overlap resistance and drop from this level to the pullback support.
Pivot: 151.88
1st Support: 147.20
1st Resistance: 154.70
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Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:USDJPY
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 148.82
2nd Support – 148.18
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USDJPY - head and shoulders USDJPY after a good head and shoulders now om 149.750 . if USDJPY breaks next resistance . You can enter a trade when resistance turns into support, meaning when the price breaks through that level and then returns to retest it. good luck
USDJPY/Yens Direction Into Dec-Jan (Pre GDP)Recent sentiment around Yens have consisted of increased bets on a return to rate hikes within Japan and unwinding on the longer term move (weakness in Yen pairs overall, JPY strength).
This, really is the widely expected consensus as the global economy evolves.
A lessening of rates in all other major economies and a hiking cycle within Japan would likely lead to a longer term increase in the value of the Yen as investors park money (Barring any other risk scenario that would provide safe haven inflows.
When referring directly to the USD, largely direction can be altered by the FED and easing cycle being undertaken.
Awaiting further sentiment, but holding a slight short bias.
Weekly Analysis - USD/JPY"On Monthly:
This pair, Since 2021 has been Bullish. That is due to Monetary policy of Japan that it seems recently it slowly changing.
There are two Historical Resistant (160.00 and 155.400) that have been touch, but not broken since 1997. BOJ always interfere with market once the price get to that level.
Last month on November, it hit 155.400 and got rejected and it made a Doji Bearish candle that can arguably called Shooting Star.
Price is close to 149.00 Psychological number as support in this case. If FED. don't raise the Interested Rate in the month of December, price most likely will bounce back up.
-- On Weekly:
Last three weeks It made an Evening Star candle formation and a solid Bearish Engulfing candle twice as big of previous candle and this week it's landed at 149.00 Support but a 50/50 Doji.
--On Daily:
They made multiple Dojis indicating the Bearish push from JPY is running out of steam.
Like other U.S Pairs;
Since it's the month of December,
AND US FED hinting rate cut,
AND new U.S GOV,
there is a uncertainty and undecided market.
-- On Hourly:
When you zoom out on Hourly chart, you may notice a broader Bearish set up, Falling Wedge that is formed. Once it hit 149.00, I would look at Bullish reversal set up back to 152.000."
USD/JPY AnalysisFX:USDJPY
Comprehensive analysis of the USD/JPY pair.
We see that the market is consolidating at 1h TF. That's why I proposed 3 scenarios that are possible. I would be interested in this currency pair if it breaks the previous H and L as well as support or resistance.
USDJPY: Possibly an interesting spot 2Update on the previous posting where we saw the corrective up move extended further to 156.75 resistance at o.786% and displayed a probable impulsive down swing which gives rise to a high probable first wave down.
Current setting suggests a wave 4 in the making likely towards 151.0 - 151.50 (38.2%). A last leg should pursue for wave 5 .Shall watch for development .
USDJPY Wave AnalysisIt seems that the downtrend has ended in this timeframe and we should wait for the start of an uptrend
Trade entry: 150.000 range
Stop loss: 145.700
Take profit: 158.376
This offer has a risk/reward ratio of around 2
Make sure to involve less than 2-3% of your total capital and adhere to the principles of money management
This is just a suggestion for consideration
USD/JPY Market AnalysisUSD/JPY Market Analysis
On the 30-minute timeframe (M30), the chart reveals key price structures indicating potential Buy and Sell opportunities. Below is the detailed analysis:
Buy Entry Zone:
This zone is identified around the support area at 149.500 to 149.384. A potential reversal from this level provides a buying opportunity, targeting levels above 150.500.
Sell Entry Zone:
The resistance area between 150.341 and 150.790 offers a potential short-sell opportunity. Previous rejection from this zone highlights significant bearish pressure.
Price Action Patterns:
The market shows a mix of Higher Highs (HH) and Lower Lows (LL), indicating a consolidation phase that may lead to a significant move.
The Internal Daily Move (IDM) pattern highlights the tug-of-war between buyers and sellers within smaller timeframes.
Trading Plan:
Buy Setup: Wait for the price to approach the Buy Entry Zone and confirm with bullish signals (e.g., candlestick patterns or increasing volume) before entering a position.
Sell Setup: If the price moves toward the Sell Entry Zone, consider short-selling opportunities with a target around 149.500.
Supporting Factors:
The DEMA indicators (30, 50, 80, and 100) suggest short-term trend direction, with a potential trend reversal if a strong breakout occurs.
Upcoming fundamental data releases, such as economic news from the U.S. and Japan on December 12, could introduce significant volatility.
Conclusion:
The market is currently in a consolidation phase, offering opportunities for both buy and sell trades depending on price movements toward the identified zones. It is essential to implement strict risk management strategies for every position taken.
USDJPY SELlS BIASI'm hoping we get to that daily FVG between Tuesday to Wednesday. that's where I'll be looking for my sells. but if we take out sell side first then i will look for buys during Tuesday to Thursday.
Goodluck
always keep in mind risk management
Will the yen continue to decline?
Considering the resistance at the level of 151.120, after breaking through this area, we can expect a rise to the level of 153.399.
Otherwise, if the support level of 148.534 is broken, it can be anticipated that the decline will continue down to the level of 146.030.
#USDJPY H1 TF Forecast #usdjpy still bullish so we will wait for right OB point and Confirmation then enter far a trade .
USDJPY MONTHLY NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning
I don't think it could be any clearer on the monthly chart. .
We are currently in wave C, and I have a strong feeling that this diametric will be part of wave 1 of a terminal.
The only confirmation will be through the post-market reaction after wave G concludes.
The price action following wave G should be quicker and stronger than waves B, D, and F.
Regarding wave G at present, it is likely to equal wave A in price, or it may correlate by 61.8% or 161.8%
USDJPY Set To Fall! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 150.51 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 150.18
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USDJPY swing target 372 pipsUSDJPY sell idea.
Wait for level and reject sell entry at 150.250 , TP1 147.382 (288 pips)
TP2 146.485 which is weekly support.
My plan if we don't gap up is to buy to 150.250 and expect a rejection at that level.
Method
Higher time frame analysis , trend lines from weekly and daily levels and fibonacci levels.
As always trade safe USDJPY can be a very volitive pair especially around 1 hour after Tokyo open.
Important to wait for levels and best entry is a break and retest of the level.
Don't over leverage nd let the trade come to you.
USDJPY - Ready to Short, or Ranging @ Year End?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
I rest my case, short term bearish behavior.
Multiple upward attempts failed.
Keynote!
Might also be ranging @ year end for fundamental reasons.
I deeply appreciate you taking the time to study my analysis and point of view.
USDJPY (M15) ICT1. Strong down trend.
2. FVG.
3. Liquidity.
4. Change of character.
#FOREX
#USDJPY
#ICT
UJ Clear Analysis ICT
1. Strong down trend.
2. Fair Value Gap.
3. Liquidity.
4. Change of Character.
HOW TO INCREASE YOUR OVERALL WIN RATE BY 10%+
Hi again everyone As promised, once a week I'll be bringing simple yet comprehensive guides to improve your over all trading! Here's your next MAGNIFICENT gift! I wasn't gonna do this topic but based on what I have been seeing among a bunch of traders.....this is DEFINITELY NEEDED . As always i really appreciate the support and upvote if you like the weekly posts so far and want more! Let's get right into it!
1. Understand that above all else, market structure (MS) always always always reigns supreme. Not fundamentals. Not news. Not "financial instutions" (that one cracks me up), but MARKET STRUCTURE. All of the other things mentioned above play their ROLES in market structure, but they do not MAKE market structure.
P.S. Of course major red folders like FOMC, NFP, CPI, etc etc will affect it, but that does not change the facts of #1.
Zoom out to gain overall perspective and bias direction, Zoom in to get the details needed within that bias to start finding confluence and begin creating that entry situation to come.
2. DO NOT, and i do repeat, DO NOT get in the habit of changing your bias mid day or multiple times a day/week, UNLESS the market calls for it. (mainly through major points in structure being broken, but there are various ways to determine this with indicators amongst other things like candlestick structure and trendlines, fibs, and other tools.)
I see so many traders lose on a day they would CAKED on had they just stuck to their bias. Trusting in your bias is not only needed, but it is a super power and shows your conviction in your strategy.
3. Stop listening to randoms not just here, but on any platform, and develop YOUR OWN EDGE in the market based on your understanding..... OR..... find a extremely talented and trustworthy mentor to guide you. Regardless, good luck on your own if your ego does not allow you to learn. I trade far better than the vast majority of people and I remain in contact with my mentor so no excuses .
4. Master candlestick analysis. You know how I catch big moves in the market???? Well, its certainly not by ignoring candlestick analysis. Candlesticks will always tell you where breakouts will occur on lower timeframes, and they'll always tell you how wide the range of the market is as well as show you with the wicks which side is getting weaker, but on the higher timeframe.
reread that ^. Literally gave you guys my sauce to interpreting candlesticks on top of posting this for you guys.
5. Control your emotions, king,
6. Trail your stop loss after 25-30 pips gained, everytime. especially in the beginning, since the winners won't come as often, you need to capitalize on winning trades. Any trade that ends in NET positive profit is a winner. point, blank, period. Even if it hits your trailing stop loss, study it! Even if it hits your take profit, study it! Feedback leads to growth.... always.
7. Backtest, backtest, backtest. Make the $15 USD investment and study your edge. study study study notate and improve! innovate and grow!!!! Backtesting is where you test what you know, look your L's and W's in the face and make that committment to see more W's than L's.
HONESTLY, this should increase your win rate by 20% if you're already coming in with some experience. For the newer guys, you're welcome. your trading skill is about to skyrocket, if YOU decide to put that work in. I promise that god wants you to win, if you do!!! GOODLUCK Gs
