USDJPY.1000.DUB trade ideas
USDJPY On The Verge Of A CollapseA simple trade setup with good risk/reward but with huge economic implications should this structure CRACK!
With all H&S patterns, the risk is that it head tests before breaking down.
We've seen this play out recently in NFLX
That is why it is important to wait for the CRACK! And not front-run the trade.
Trade news gradually improves - Supporting USD to rise again🔔🔔🔔 USD/JPY news:
➡️ The USD/JPY pair extended its gains to approach the 144.00 level early Friday, driven by renewed demand for the U.S. dollar following a Bloomberg report suggesting that China is considering suspending the 125% tariff on certain U.S. imports. The pair largely ignored Tokyo’s hotter-than-expected CPI inflation data.
Personal opinion:
➡️ USD/JPY continues to rise thanks to positive news from the Trump administration’s negotiations with Asian countries. Although good Japanese economic data supports the JPY, the focus is still on the active trade war and it supports the USD
➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy USD/JPY 143.00 - 144.40
❌SL: 142.50 | ✅TP: 143.80 - 144.40
FM wishes you a successful trading day 💰💰💰
USDJPY – Searching for a Bottom After a Brutal DropSince the start of the year, USDJPY has been in an almost free fall, losing nearly 2,000 pips and breaking multiple key supports, including the critical 150 level.
Yesterday, we even saw a spike below 140, a level not touched for quite some time.
🔄 However, after that spike, the pair reversed sharply to the upside, showing strong demand in that area.
Interestingly, this zone was tested at the start of 2024 and again back in September, adding even more technical relevance.
📊 Despite the poor outlook for the USD overall, I now expect a meaningful rebound from here, aiming for a retest of the former 146 support, which has now turned into resistance.
💡 Trading Plan:
I will be looking to buy dips near the current support, targeting a 1:3 Risk/Reward setup toward the 146 resistance area.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
The Consolidation Zone and the UncertaintyIn this trade, I’m going to enter with a short position.
Analyzing the pair on the higher time-frames, it has reached a reversal zone for the second time, previously located around the 158.874 price level.
Moving to the daily time-frame and after the pair hit that same area twice again, there’s the possibility of opening a sell position — but a few points should be considered:
**1st point: Pay attention to the reversal the pair is currently making after reaching the area near 139.576 *and try to understand whether a future pullback might occur, which would strengthen the case for the sell (a Fibonacci tool can be used as support for this).
*Something similar happened between January 16, 2023 and December 28, 2023.
**There’s also the chance that the pair might continue its downward movement without making a reversal or pullback.
2nd point: There’s also a possibility that the pair is in a consolidation zone and could later make a strong bullish move, breaking through the reversal zone around 158.874 and invalidating the selling opportunity.
Taking everything mentioned above into account — and despite the uncertainty around this pair’s future movement — it’s possible to consider both buying and selling at different moments. That’s why it’s important to closely monitor all the movements and try to time it right, because I believe that when the pair chooses a direction, it’ll move with strength.
In this analysis, several moving averages and a Parabolic SAR were also used, and they should be given close attention.
TOP DOWN ANALYSIS ON USDJPY DAILY BIASOn the Daily timeframe, price reacted to the major zone and reversed upwards, rhyming with the established bullish bias on the monthly/weekly timeframe, price is currently sitting on the daily trend line almost broken but we will head to the 4hr timeframe for further confirmation.
Potential bullish rise?USD/JPY has reacted off the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 142.39
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 140.91
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 144.32
Why we like it:
There is a pullback resistance level that is slightly above the 50% Fibonacci retracement.
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USDJP WEEKLY UPDATESHello folks, if you're following
this idea since, then the higher chances are, you win the trade on my short idea before.
Now I'm expecting lows again, This idea is on weekly gap to be filled.
Chart are on 4HTF. this idea are on weekly.
It might retrace, but the weekly timeframe still on bearish.+
This is not a financial advice, follow for more.
Bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 141.82
1st Support: 140.15
1st Resistance: 144.52
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USDJPY 30M CHART PATTERNThis chart shows a potential "W" or double-bottom pattern forming on the USD/JPY 30-minute timeframe, indicating a possible bullish reversal setup.
Key observations:
Pattern Setup: The "W" pattern suggests price might retest the previous low and then bounce up.
Entry Zone: The potential buy zone is near the bottom of the right leg of the "W" (around the green support line).
Stop Loss: Positioned just below the recent low to manage risk.
Take Profit: Two targets are indicated:
The first around the middle horizontal resistance (interim TP).
The second at the previous swing high (full TP).
It looks like a long (buy) trade idea with a solid risk-reward ratio. Are you planning to enter this setup or just analyzing it for now?
EUR/NZD Short and USD/JPY ShortEUR/NZD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.