US dollar versus Japanese Yen flagging a bearish pattern with the formation of a Bearish Harami as RSI hits resistance level and Stochastics trade in extreme overbought territory on 4 hourly.
Looking for this pair to head lower from here back to 108 levels then a potential break down to 107.5
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USDJPY buy set up daily
Entry from support trend line up to resistance trend line. Support has held up very well since March 2018. The market has respected the Support trend line with numerous touches allowing the market to reverse trend.
As the market is reaching the end of the triangle, we're looking at UJ to push above levels 111.500
...And no i dont mean my wife, or do i haha.
This trade is going to hell to dance with the devil, i have been waiting ages for price to break a daily level... and finally it has.
Bears normally like it cold but not these bears as they are taking price down to see Satan ( and no im still not talking about my wife ) its a good job she is not on trading view...
We are looking for price to pullback into our support zone ( red box ) we are then looking for a bounce and bullish movement, we do have resistance at our purple zone but if price can break this we will see a lovely run up to our TP zone which would produce a handful of pips ;p
We do have loads of high impact news this week regarding this pairing, that could...
Today, the indicator "Kenji" on the daily USDJPY chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of USDJPY is currently in the active downtrend phase (the area between the fast and slow averages is colored red). At the same...
Under that heading we publish signals of the indicator called “Ranger”. It was developed by our experts for intraday trading purposes.
This indicator is based on statistical analysis of the data and provides information about possible maximum/minimum values of the day (just right after the day has started) with certain probabilities.
What does this information...
In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
This setup took me literally 10 seconds to spot, I just opened the chart and spotted it... This is how easy you can make trading if you block out all the bull#hit people try to feed you and just focus on the charts, clean and tidy charts!
When I 1st started out I had all sorts of idiots trying to tell me I had to use 100 indicators just to spot a trade... I lost...
STOP LOSS - 108.333
TAKE PROFIT - 108.864
Risk on the trade - 1%
We have seen some bullish momentum on this trade where price had a brief pause and consolidated sideways creating a continuation pattern. Price has broken above and we may see price move to our take profit.