This looks like a bearish bias, which will maybe push the market down for some time. Risk compared to reward is also fairly low. This is just an idea! Good luck!!
USD/JPY Head and Shoulders on Ninja at Hourly Time Frame 80 pips objective
Valid setup so we're jumping in. We're looking for YEN weakness. Will be updating this trade live.
USDJPY recently broke out of a large structure on the daily and weekly time frame. The current structure formation on the H4 time frame is what I have been waiting for. This is the second wave of this structure which should complete at around the 78% retracement level from the previous high. I then expect to see wave three to the downside where I will then be...
Today strong market movement start to stabilize, then market come back to original trend that is absolutely long for usdjpy The market pressure are high and long and can't wait more.. For the market pressure of all crosses visit my twitter profile
Hello there! After such a menacing drop I changed the labeling. Hope this is final )) Below previous low @ 107.63 I think we will get massive stopouts. But the chart now looks sharp thanks to BOJ. Best wishes!
Reaching strong moving average and support... Expecting a bounce near the 109.361 area.
It's forming a bearish flag to keep falling. Happy trading!
Faced some selling resistance at 123.582, but it's probably aiming for 125.582 .
Had success on the last down move , keeping it simple long until top of range
As you can see in the chart, there's little to no space in the range where USDJPY has been locked in for some time (since the recent lower point), so here's some things to think about: The US Dollar Index ( USDOLLAR ) may breakout the resistance and go higher Or it may get rejected at the resistance and come back all the way down Considering both...
Although I have am sort of skeptical about the trading analysis of triangles, this one holds very high hopes on it's outcome. Remember the UJ is highly correlated to the S&P500 and other US indexes nowadays, so any sudden moves on the equities markets will be followed by this pair as proxy. I'd say the breakout is bear biased, considering the market condition...
Forex is risky, beware of consequences if you trade on other people's ideas.
Forex is risky, beware of consequences if you trade on other people's ideas.
OuO : Over and Under Pattern. It's similar to Head & Shoulders, but less strict about the distribution/accumulation pattern. Forex is risky, beware of consequences if you trade on other people's ideas.
Forex is risky, beware of consequences if you trade on other people's ideas.
Forex is risky, beware of consequences if you trade on other people's ideas.