The pair may fall and undergo a corrective abc as price shows possible sign of weakness on its upward momentum. A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis. #elliotwaveforecast @marketpainterPH
Currently, JPY is oversold due to resent BOJ statement about keeping its low interest policy. Perhaps, we might see some retracement before more bullish move to the upside. If price fails to create HH and creates LL on 4h timeframe, we will execute short trade, tp around support around 118.5.
So much resistance waiting usdjpy on the upside and many liquidity left on the sellside take the short
UJ is testing the bottom of a massive symmetrical triangle. We already broke the triangle in March but quickly recovered, this time we should see a break for good. This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/JPY: Day-Swingtrade-Preparation Market-Sell: 106,660 Stop-Loss: 107,100 Target 1: 106,245 Target 2: 105,955 Target 3: 105,600 Stop-Loss: 44 pips Risk: 0,5% - 1% Risk-Reward: 2,48 LEAVE...
Hey tradomaniacs, welcome to a new free trading-setup. NOTICE: THis is meant to be a preparation for you. As always we need to wait for a confirmation! USD/JPY: Day-Swingtrade-Execution Market-Sell: 107,210 Stop-Loss: 107,427 Target 1: 107,030 Target 2: 106,920 Target 3: 106,790 Stop-Loss: 22 pips Risk: 0,5 % - 1 % Risk-Reward: 2,10 LEAVE A LIKE AND...
Hey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Market-Sell: 107,660 Stop-Loss: 107,980 Target 1: 107,375 Target 2: 107,110 Target 3: 106,900 Stop-Loss: 32 pips Risk: 1% Risk-Reward: 2,60 LEAVE A LIKE AND A COMMENT - I appreciate every...
I mean, it doesn't get any simpler than this...in my opinion :) if we look closely, we could spot a Head & Shoulders pattern, or should I say "i" I'll be looking to short this pair straight down to 107.800 or even 107.00 if I got the strength. Let me know if you agree, that would be awesome!
Our USDJPY has shown clear rejection @ 110. So far favor our bearish speculation as mention here We will wait clear structure to add more entry in the future. Thanks for reading and good luck !
Hey tradomaniacs, welcome to another free signal! Important: Wait for the market to break below the current trendline of the correction before you sell. ----------------------------- Type: Daytrade Market Sell: 109,395 Stop-Loss: 109,570 Target 1: 109,200 Target 2: 109,075 Target 3: 109,050 Stop-Loss: 17,5 Risk: 1-2% Risk-Reward:...
Yesterdays setup was very specific and for good reason. Our specific strategy for this short setup yesterday was designed to be able to resist any "fake outs" or simple upside that came from the pair at the key levels shown in those charts at that time. Yesterday's amount of short sellers who're either close to being margin called or already hav given us the...
FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY
Hello dear friends, We have a Longs provocation in Bearish Balance. Good opportunity to jump into the trade :) Good luck, With Best Regards, Logical Knight