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USDJPY trade ideas

USDJPY INTRADAY bearish below 145.60The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside move targeting support at 141.00, with further potential declines to 139.50 and 138.40 over a longer timeframe. On the other hand, a confirmed breakout above the 145.60 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 147.90 resistance, with a potential extension to 149.00 levels. Conclusion: Currently, the USDJPY sentiment remains bearish, with the 145.60 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
[_] ONENTRY### **USD/JPY - ‘2FIB Strategy’ by ONENTRY** **Timeframe:** 30 Minutes **Session:** London & New York ### **Step 1: Identify the Overnight Range** - Mark the **high** and **low** of the price range between **00:00 - 06:30 (+2GMT)**. - Wait for a **clear breakout** with a candle *closing* above (for longs) or below (for shorts) this range. - Wait for at least one reversal candle. ### **Step 2: Apply Fibonacci Levels** - After the breakout, use the **Fibonacci retracement tool**: - **Anchor Point 1:** Start at the *close* of the last impulse candle wick. - **Anchor Point 2:** Drag to the *start* of the impulse move - first candle wick of the range. - Key level for entry: **0.5 and** **0.35 retracement**. ### **Step 3: Trade Execution** - **Entry:** Enter on a pullback to **0.5** and **0.35 Fib level** after the breakout. - **Stop Loss :** - *Long trades:* Below the **low of the breakout candle wick.** - *Short trades:* Above the **high of the breakout candle wick.** - **Take Profit Targets:** - **TP1:** 1.0 Fib - **TP2:** 1.25 Fib extension. - TP3: 1.6 FIB extension - **TP4:** 2.3 Fib extension (runner position). ### **Step 4: Trade Management** - Move SL to breakeven when price hits **TP1**. - Close the running trade before midnight. Always Test The Strategy
Short
by ONENTRY
USDJPY LONG FORECAST Q2 W16 D16 Y25USDJPY LONG FORECAST Q2 W16 D16 Y25 Good morning all. It may look like we are holding onto a bias. I can understand why that assumption is created. However, a short position is invalid for FRGNT whilst in a higher time frame order block long. As per, that does not mean LONG blindly. Two set ups illustrated. 1) 15' Break of structure 2) Lower time frame Break of structure without 15' break. Trading is risky. Both positions of course come with a side dish of risk and reason to loose. The question is, would you like to see USDJPY explode long without you? Lets see how price actions plays. FRGNT X
Long
by JCFRGNT
USDJPY (1h) Potential SellAll major time frames indicate this pair will keep going down. 3 point confluences: 1. Created lower highs in both long term & short term tend failing to break the trendlines 2. We've just got a CHoCH (change in character) 3. Sell order block has formed after going sideways for a couple of days which means price is most likely to revisit it before exploding down. Entry strategy: Wait for a pullback into the recent sell order block then enter when the stochastics indicator is overbought to help give us a tighter stop-loss. Alternatively you can set a sell-limit order on the entry price (green line) Note: price could keep travelling down without doing a pullback GoodLuck!
Short
by bethalldaybae
USD/JPY H4 | Approaching a multi-swing-high resistanceUSD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 143.88 which is a multi-swing-high resistance. Stop loss is at 144.70 which is a level that sits above the 38.2% Fibonacci retracement and a pullback resistance. Take profit is at 142.41 which is a multi-swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
How Can You Use the Ascending Triangle in Trading?How Can You Use the Ascending Triangle in Trading? An ascending triangle is a chart pattern traders rely on to identify potential breakouts and further price movements. Recognised for its versatility, this pattern can signal trend continuations across all types of markets, including stocks, forex, commodities, and cryptocurrencies*. In this article, we’ll break down how to spot and trade this formation. What Is an Ascending Triangle? An ascending or rising triangle is a bullish chart pattern that usually signals a trend continuation. It is framed by two trendlines. The upper line connects highs placed at almost the same level, while the lower line is angled and connects higher lows. The triangle’s appearance is explained as follows: buyers try to push the price up, but they meet a strong resistance level, so the price rebounds. Still, buyers have strength, which is reflected in higher lows. Therefore, they continue pushing the price until it breaks above the resistance level. The period during which the price bounces back and forth between the two lines depends on the timeframe. On daily charts, the triangle can be in place for over a week. Note: The ascending triangle is a continuation chart pattern but sometimes it can be used as a reversal signal. It happens when the ascending triangle occurs in a downtrend. It’s the biggest challenge of all the triangles. The rising triangle is one of the setups in the triangle group. There are also descending and symmetrical formations. Ascending, Descending, and Symmetrical Triangles: The Differences The triangle group of patterns comprises ascending, descending, and symmetrical formations. The ascending triangle is a bullish formation and the descending triangle is bearish. At the same time, the symmetrical triangle is a bilateral setup that signals a rise and a fall in the price. To distinguish between them, traders draw trendlines. In a rising triangle pattern, an upper trendline is horizontal and connects equal or almost equal highs, while the lower trendline is rising as it connects higher lows. In a descending or falling triangle pattern, the lower trendline is horizontal and connects equal or almost equal lows, while the upper trendline declines, going through lower highs. A symmetrical triangle has a falling upper line that connects lower highs and a rising lower line that connects upper lows. How Traders Spot the Ascending Triangle It’s quite easy to identify the formation on a chart. Still, there are a few rules that may help a trader determine its strength. - The trend strength. Although the setup may appear on any timeframe, traders look for strong long-term trends as risks of a fakeout on low charts are higher. - Consolidation. Triangles appear when the market consolidates within an overall trend. - Trendlines. Trendlines must be drawn through at least two points. Still, the larger the number of points, the higher the possibility the setup works. - Breakout. Can the ascending triangle pattern be bearish? No. It is a bullish formation that appears in a bullish and a bearish trend but always signals a potential price rise. How Can You Trade Ascending Triangles? The rising triangle pattern is usually considered a continuation setup formed in an uptrend. Still, if the ascending triangle is in a downtrend, it may signal a trend reversal. The trading rules will be the same in both cases. As with most chart patterns, triangles have specific rules that help traders place entry and exit points. Entry The theory suggests trades go long when the price breaks above the setup's upper boundary. In a conservative approach, traders wait for the price to form at least several candles before entering the market. In a risky strategy, traders open a position as soon as the breakout occurs, and the breakout candlestick closes. It's worth considering trading volumes as breakouts often turn into fakeouts, meaning the market returns to its previous trend. The chance of a strong breakout is higher if the volumes are high. However, increased volumes aren't the only tool used to confirm a breakout. Many traders consider trend indicators and oscillators to potentially limit the risks of bad trading decisions. - If the triangle serves as a continuation setup, it may be helpful to look at the signals of trend-strength indicators, including the average directional index. - If traders use the ascending triangle as a reversal setup, they usually implement indicators that may signal a trend reversal, including the moving average, the relative strength index, the moving average convergence divergence, and the stochastic oscillator. Take Profit A standard take-profit target equals the size of the largest part of the setup and is measured just from the breakout trendline. Stop Loss Traders consider several options when placing stop-loss levels. In a conservative approach, they implement the risk/reward ratio, which is usually 1:2 or 1:3 but depends on the trader's willingness to take risks. Also, traders utilise the upper trendline as a threshold and place the stop-loss order just under it. Note: These are general rules. However, traders can develop their own trading strategies and adjust the pattern's parameters and rules according to their trading approach. Ascending Triangle: Strategy In this strategy, traders observe an existing bullish trend and the formation of an ascending triangle, which suggests the potential for a continuation pattern. Incorporating a short-term moving average, such as a 9-period EMA, provides dynamic support, aligning with the trendline to strengthen the setup. Entries - Traders typically wait for the price to break through the top trendline of the ascending triangle. - A strong candle breaking the resistance level adds confidence, though any move above the top trendline can serve as an entry signal. - The price should also trade above the moving average, offering additional confirmation. - An order is often placed at the top trendline, anticipating a retracement to this level, which now acts as support. Stop Loss - Traders place a stop-loss below the most recent swing low within the triangle. - For more conservative traders, the stop may be set at any prior swing low, depending on risk tolerance. Take Profit - Many traders aim for a risk-reward ratio of 1:2 or 1:3. - Profits might also be taken at the next strong resistance level, aligning with the market structure. Rising Triangle: Benefits and Drawbacks This formation has advantages and pitfalls that traders consider when developing their strategies. Benefits - It can be used on any timeframe. Triangles are formed on charts of any period. Still, they might be more effective if the setup appears in a solid trend on a high timeframe. - It can be used for any asset. Another advantage is that the ascending triangle pattern is used for stock, commodity, cryptocurrency*, and Forex trading. - Easy to spot. A trader only needs to draw two trendlines to define this setup on the chart. - Exact entry and exit points. Although traders can develop their entry and exit points, the setup assumes there are specific rules traders with any experience utilise. Drawbacks - It can confuse traders. As the rising triangle is used as a reversal and continuation formation, traders with less experience may be confused with its signals. - False breakouts. The setup works when a price breakout occurs. However, there is a high risk the breakout will appear to be a fakeout, and the price will return. - The pattern may fail. Aside from a fakeout, there is another risk when trading with triangles. The price may break another side of the formation, and the formation will fail. - The trading rules may not work. Although specific rules indicate where a trader should place entry and exit points, buyers may be too weak to push the price to the take-profit target. Final Thoughts The ascending triangle is one of the more common chart patterns traders use when trading various assets. Still, there is no 100% guarantee that it will work every time you spot it on a price chart. It's vital to remember that every signal must be confirmed with other indicators, chart patterns, and candlesticks. Also, it's a well-known fact that any trade involves risks that should be considered every time a trader enters the market. Improve your skills by practising on different assets and timeframes. FAQ How Do You Form an Ascending Triangle? An ascending triangle is formed when the price action creates a series of higher lows while facing a resistance level, resulting in a horizontal upper trendline and a rising lower trendline. The price consolidates between these two lines before potentially breaking out above the resistance, signalling a bullish continuation. Is an Ascending Triangle Bullish or Bearish? The ascending triangle is a bullish pattern. It suggests that buyers are gaining strength as higher lows form, increasing the likelihood of a breakout above the resistance level. There is a descending triangle pattern that usually appears in a downtrend, signalling a downward movement. How to Enter an Ascending Triangle? According to the theory, in triangle pattern trading, it’s common to enter the market when the price breaks above the upper trendline of the triangle. In a conservative approach, traders wait for confirmation through several closing candles after the breakout. The increased volume also adds confidence to the trade. What Is the Ascending Triangle Pattern Retest? A retest occurs when the price breaks out of the triangle but then briefly falls back to test the former resistance level. A successful retest confirms the breakout and can provide an additional entry point. How Long Does an Ascending Triangle Pattern Take to Form? The formation of a bullish triangle pattern can vary based on the timeframe. On daily charts, it can take several days to weeks, while on shorter timeframes, it might form within hours. What Is the Difference Between an Ascending Triangle and a Rising Wedge? In comparing the ascending triangle vs. the rising wedge, it’s key to recognise that the rising wedge has converging trendlines, signalling a possible weakening trend, often leading to a bearish reversal. In contrast, an ascending triangle trading pattern typically signals a continuation of the uptrend. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
USDJPY:Trading Strategy for Next WeekIn view of the fact that the US dollar is currently facing multiple pressures and the Japanese yen is strong, the USD/JPY is likely to remain under pressure in the short term. If the exchange rate stabilizes above 143.00, one can attempt to take a short position in USD/JPY with a light position, targeting the range of 142.00 - 141.00. If the exchange rate breaks below 143.00, one can add to the short position following the trend, with the target set at the lower range of 140.00 - 139.00. The signals last week resulted in continuous profits, and accurate signals were shared daily.
Short
by Leo_TraderO
USDJPY Trade Setup – Bulls Eyeing a Breakout?USDJPY is showing signs of strength near a key demand zone (142.800 – 143.100), holding above it for several sessions. Price is currently flirting with the 143.116 resistance. A clean break and retest of this level could spark bullish momentum. Key Levels to Watch: Support/Demand Zone: 142.800 – 143.100 (highlighted in orange) Resistance 1: 143.116 (current key level to break) Resistance 2: 146.331 Major Supply Zone: 149.000 – 150.000 (highlighted in blue, heavy selling area) Bullish Scenario: Break and retest of 143.116 could open the door to 146.331, then potentially 149.501. Arrows indicate the next bullish targets if momentum picks up. Bearish Scenario: Failure to hold the demand zone may result in a retest of 142.000 or lower. Watch for bearish engulfing candles around 143.116 if bulls get rejected. Technical Insight: This chart includes the LuxAlgo Supply and Demand indicator, clearly marking areas of institutional interest. Price is currently resting in a high-interest demand zone, and we may see a breakout if buyers gain control. --- Trade Idea: Wait for confirmation above 143.116 with strong bullish volume. If confirmed, consider long positions targeting 146.3 and 149.5. Always manage risk! --- What do you think? Will the bulls break out or will bears take over again? Drop your thoughts below! #USDJPY #Forex #SupplyAndDemand #LuxAlgo #PriceAction #BreakoutStrategy #ForexTrading #TradingView #TechnicalAnalysis #JPY #USD
Long
by FrankFx14
2
Too Many Bullish Clues — Greed Activated📍Current Price: 143.437 TimeFrame 30Min Bullish Reasons: + Strong Support + Psychological Level + Tweezer Bottom + Bullish RSI Divergence + Channel Bottom = Potential Bullish Reversal Support & Resistance Levels: • 142.000 – Strong Support + Psychological Level • 140.000 – Strong Support + Psychological Level • 148.000 – Psychological Level + Price Target • 150.000 – Psychological Level "Trade smart – always follow your risk management. Protect your account first, profits will follow. Happy trading!"
Long
by SpicyPips