Oscillator from Williams and stochastic This custom oscillator is designed to provide dynamic support and resistance levels based on price action, the highest and lowest prices, and an exponential moving average (EMA). It calculates four different lines:
1. Price to Midline: This line shows the ratio of the current price to the midline (average of high and low prices).
2. High to Midline: This line represents the ratio of the highest price to the midline.
3. Low to Midline: This line represents the ratio of the lowest price to the midline.
4. EMA to Midline: This line tracks the ratio of the EMA (Exponential Moving Average) to the midline, providing a dynamic view of price action.
These four lines help identify key levels of overbought or oversold conditions, potential trend reversals, and dynamic support/resistance zones. The oscillator can be used to assess market strength and trend direction.
The period for calculating the high/low, as well as the EMA period, can be customized in the settings to adjust the sensitivity to market conditions.
USDJPY_LMAX trade ideas
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.500 support and resistance area.
Trade safe, Joe.
USDJPY analysis for a SELL idea!!!!USDJPY - 4H Chart Sell Analysis
Market Structure & Price Action
• The price has been in an uptrend but is currently rejecting a key resistance zone around 149.796 - 150.000.
• Multiple liquidity grabs (wick rejections) are visible around this area, indicating strong selling pressure.
• A clear double top or liquidity sweep pattern is forming around the highs, signaling a potential reversal.
Key Resistance & Supply Zones
• The red supply zone around 149.500 - 150.000 has been tested multiple times, showing sellers are stepping in.
• Previous support turned resistance zones (highlighted in gray) are aligning with this area.
• The last bullish move failed to break convincingly above 150.000, indicating exhaustion.
Bearish Confirmation
• Price has rejected the supply zone and is currently showing signs of a breakdown.
• If price remains below 149.500, it confirms that sellers are in control.
• The lower high structure aligns with the Smart Money Concept (SMC) of distribution.
Potential Target Areas
• First target: 148.500, aligning with previous demand and a liquidity area.
• Final target: 146.920, where the next major demand zone and liquidity pools are visible.
Trade Setup
• Entry: Below 149.500 after a retest.
• Stop Loss: Above 149.800 - 150.000 (above recent highs).
• Take Profit: 148.500 - 146.920.
Confluence Factors
1. Liquidity Grab: Price spiked above previous highs but failed to sustain.
2. Supply Zone Rejection: Strong rejection from 149.796.
3. Bearish Market Structure Shift: Potential lower high formation.
4. Risk-Reward Ratio: Favorable setup towards 146.920.
Final Outlook
• If price stays below 149.500, bearish momentum should continue.
• A break below 149.126 confirms further downside.
• A close above 150.000 invalidates this sell idea.
USDJPY: Critical moment for the 2 month Channel Down.USDJPY is neutral on its 1D technical outlook (RSI = 46.506, MACD = -0.960, ADX = 25.882) as it is on the tightest range possible between the 4H MA50 and 4H MA200. This consolidation is taking place at the top of the 2 month Channel Down. As long as it holds, the trade is short, aiming for a -3.20% bearish wave (TP = 145.500). If the price crosses above the 4H MA200 though, go long, aiming for the R1 level (TP = 154.835).
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USDJPY Short from ResistanceHello Traders
In This Chart USDJPY HOURLY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Bullish momentum strong, breaking resistance. Watch for pullback*"Bearish momentum is steadily depleting as selling pressure weakens. The price is struggling to make new lows, indicating that sellers are losing control. If key support levels hold, we could see a shift in momentum as buyers step in, potentially driving a reversal or a period of consolidation before the next move."*
Short I just opened three short positions.
I waited for the price to come back to the fair value gap area that was created a few days ago (blue rectangular box in the chart).
Please look at my previous publication on JPYUSD short positions. It explains the reasons for short entry. It is linked to this one.
Entry: 149.40
S/L: 150.183
Target 1: 148.272
Target 2: 147.547
Target 3: 146.707
JPY/USD Trading Setup – Falling Wedge Breakout & Bullish MoveThe JPY/USD 1-hour chart is displaying a well-defined falling wedge pattern, which is typically a bullish reversal setup. This pattern forms as price action moves within converging trendlines, indicating that selling pressure is gradually weakening. The breakout from this pattern signals a potential trend reversal, and the price may be heading toward key resistance zones and an eventual bullish target.
This analysis will break down the chart structure, market psychology, key levels, and a trading setup to help traders make an informed decision.
1. Understanding the Falling Wedge Pattern
The falling wedge is a common price action pattern characterized by:
🔹 Lower highs and lower lows forming within two downward-sloping trendlines.
🔹 Decreasing volume, indicating that sellers are losing momentum.
🔹 A breakout above the upper trendline, confirming a shift in trend and signaling the start of bullish momentum.
Market Psychology Behind the Wedge Pattern:
📉 During the wedge formation, the market is in a downtrend, and sellers are in control. However, with each new lower low, the price finds strong support, and buyers start stepping in.
📊 As the wedge narrows, the downward momentum weakens, and sellers struggle to push the price lower. Eventually, demand exceeds supply, leading to a breakout to the upside, which is exactly what we see on this chart.
2. Key Levels & Market Structure
🔹 Support Zone & Reversal Area:
The support zone between 0.006660 - 0.006680 acted as a strong demand area, preventing further downside.
This is also labeled as a reversal area, meaning buyers were aggressive in this zone.
The final touch at this support led to a strong bounce, initiating the breakout.
🔹 Resistance Level:
The price is now approaching a key resistance area at 0.006780 - 0.006800, which previously acted as a supply zone.
A break and retest of this level would further confirm bullish momentum.
🔹 All-Time High (ATH) & Target Level:
The ATH region is marked on the chart as a historical resistance level where price faced strong selling pressure before.
If the current breakout holds, price action could aim for the 0.006851 target level, completing the measured move from the wedge pattern.
3. Trading Strategy & Execution Plan
📈 Entry Strategy:
There are two main ways to enter this trade:
1️⃣ Aggressive Entry: Enter immediately after the breakout above the falling wedge.
2️⃣ Conservative Entry: Wait for a breakout AND retest of the previous resistance turned support (0.006780 zone) before entering long.
🔻 Stop-Loss Placement:
To manage risk, traders should consider placing stop-loss orders:
Below the previous support zone (0.006660) to minimize downside risk.
Alternatively, below the wedge breakout point if using a tight stop-loss.
🎯 Take-Profit Targets:
1️⃣ First Target: 0.006780 (near-term resistance level).
2️⃣ Final Target: 0.006851 (based on wedge breakout projection).
4. Confirmation & Risk Management
🔎 Key Confirmation Factors for a Strong Breakout:
✅ Price breaks above the falling wedge with strong bullish candles.
✅ Volume increases, showing strong buying interest.
✅ RSI or other momentum indicators confirm bullish divergence.
⚠️ Potential Risks to Consider:
False Breakout: If price falls back inside the wedge, this could invalidate the bullish setup.
Rejection at Resistance: If buyers fail to push price above the 0.006780 resistance, it could lead to another consolidation.
5. Final Thoughts & Trading Outlook
📌 This JPY/USD chart presents a high-probability bullish setup due to the breakout from a falling wedge pattern.
📌 The breakout, strong support zone, and bullish price action indicate further upside potential.
📌 Risk management is key—waiting for confirmation can increase the probability of success.
💡 Final Verdict: Bullish Bias – Watching for Retest & Continuation to Target! 🚀
Yen Slips to 149 as Inflation EasesThe yen fell to around 149 per dollar on Friday, ending a two-day rally, after Japan’s core inflation eased to 3% in February from 3.2% in January, still above expectations of 2.9%. This marked the second month of stronger inflation, reinforcing the case for future rate hikes.
Earlier, the BoJ held rates at 0.5% and maintained a cautious stance, citing global uncertainties, particularly rising U.S. tariffs. The bank also reiterated its focus on monitoring currency moves. A stronger U.S. dollar further pressured the yen amid global growth and trade concerns.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
USDJPY Will Go Lower! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 149.408.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 147.585 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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#004 Moving Average USDJPY Short 1620SGT 21032025Selling USDJPY at trendline retracement's first setup(dragon raises its head aka long tai tou) based on the 1H/4H retracement.
I think 1H/4H retracement setup is best because it isn't too shallow, and we could see the overall weather instead of just seeing what we see now in our sky high building blocked vision's available amount of sky.
1623SGT 21032025
USDJPY: Volatility and Key LevelsThe recent trend of the USD/JPY has been highly volatile. On the economic data front, the rise in Japan's unemployment rate and the decline in corporate capital expenditure have triggered selling pressure on the Japanese yen. However, factors such as corporate wage growth provide grounds for the Bank of Japan to consider raising interest rates.
From a technical perspective, key support levels are situated around 147.7 and 146.5, whilst the resistance levels are now between 150 and 151. Amid the ongoing battle between bulls and bears, the pair is likely to continue trading within the range of 147.00-149.00. That said, given the current upward momentum, a technical pullback followed by further gains in the short term cannot be ruled out.
USDJPY
buy@148.000-149.000
tp:150.000-151.000
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
USD JPY LAST CHANCE TO SHORT???Still treat this market long term BEARISH till we take out 150.15 (Once we are above there then Market will be turn to BULL)
I can see good area of DAILY RESISTANCE @ 150.50 (That will be my entry 15m time frame)
I have 2 Target
TP 1 - 148.42
TP2 - 144.78
Let see what this FRIDAY BRINGS
COMMENT WELCOME
USDJPY SELL SETUP!!From a technical perspective, examining the USD/JPY chart, we might notice that prices are forming a lower high, which often indicates a potential downtrend. The price respecting Fibonacci retracement levels can also suggest that the market is reacting to key support and resistance levels. When traders see the price approaching these levels and behaving predictably, it can bolster their confidence in the direction of their trades.
Overall, the expectation is for a continuing strength in the yen, especially if the market sentiment remains focused on potential rate hikes from the Fed. This scenario might lead to more bearish moves for the USD/JPY pair, making it important to watch for any significant economic data releases or comments from central bank officials that could signal changes in monetary policy.