a possible short on usdjpy with a 1:9 risk reward on daily timeframe
Good opportunity for short this pair we see a resistance zone on 108.100 Chart show a bearish engulfing r/r 1 to 2
all the technicals are shown above. Caution:only make an entry @ the break as indicated
Getting ready for selling USDJPY. T/P - S/L
Sell angle mirror pattern USDJPY - 111.63 SL - 111.84 TP - 110.84 RRR - 1:3.8 Additionaly reason to open sell USDJPY - Gold is going higher (attached idea)
I will list the factors that might lead to a BIG SELL on UJ soon. 1)Looking left, you can see that price broke out VERY STRONGLY from the symmetric triangular formation(light purple triangle.) This is a BEARISH SET-UP. 2) The Trend Line Resistance(Royal Blue line) has capped the upside since October'18. And this week as well, it has managed to stop the upside....
Open sell position on USDJPY 111.91 SL - 112.17 TP - 111.10 RRR - 1:3
I have SL at last sell order on USDJPY. But price going so slowly up that i still waiting for fast sell movement. Lets try make sell order from 109.91 to 108.50 TP and SL=110.17 RRR - 5.3. Write in comments your opinion about this position on USDJPY.
I see that all USD pairs in medium term - are in downtrend. But on NFP - USDJPY make good movement highly. Why? New buytrend? Or collected stops and went down? I think that way. So i find sell position with SellLimit on 109.59. SL-109.83 TP-108.47 RRR - 4.53 Good or not? It really risky position. But interesting RRR. So lets try it :) I wish good...
Check my previous analysis on UJ in which I recommended short entries at the retest of a resistance area. Also, to trade the breakout of the trendline. If you are not in this trade, be patient for a pullback should give you an entry opportunity within the range i illustrate in orange. Hold this position toward the end of the year. Best luck! Follow my...
On the 4hr chart USDJPY abearish butterfly has formed. The D leg had along stretch, this is agood opportunity to short this pair. Look for bearish evidence before trading, use proper money management. Cheers fam
Fundamentals:- The USD has been surprisingly bouyant considering the recent Employment data and the fact that Trump just pulled out of the Iranian Nuclear Deal. Although the Iranian deal may be a financial positive for the US it should still send investors flocking to safe haven currencies such as the JPY. I would like to see some more downside pressure on this...
Fundamentals:- This trade is more driven by the fundamental aspect more than the technical picture. Things are heating up a little on the possibilities of a trade war between the USA and China which is causing weakness in the USD. I am looking at the Japanese Yen because it is what we call a safe haven currency. This means that traders will run to the JPY in times...
USD JPY heading towards downtrends By price action and MA analysis
I'm not sure whether USDJPY will be kind enough to give us this entry chance around 108.5's, but if we get that chance, on bearish confirmation initiate shorts in USDJPY and ride all the way down to 107's zone by trailing ur stops carefully. As whole world knows this there may be occasional spikes to upside to hunt stops, so trialing stops plays the vital...