Pending Short @ 111.00 Stop Loss @ 111.70 Target @ 108.00 RR Ratio @ 4.29 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Dear Traders & Followers, There is a possibility to go short from the price of 109.60 to the level of 108.50. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Using Top Down analysis I can see that UJ is at Heavy Support, The W Pattern is forming on H4 and Higher Timeframes. Also there was a break of structure previously to the upside with multiple retests. Ideal entry would be 108.902 Targets are on the Chart SL Below 108.500. My Bias is bullish On this pair. Waiting for a pullback to First entry or a Lower high for a...
USDJPY we are probably near an end of the bullish retracement, stochastic is overbought and Heiken Ashi candles are showing wickness i'm expecting a bearish move soon. Trade with care ;)
Area of interest Short at 111.146 - Completion of Gartley formation - Respected resistance dating back to 3rd/Jan/2017 - Downward trend - RSI Divergence downward Safe trading everyone.
USDJPY potentially BEARISH point of entry is well given till tp given.
This is a test setup of my own for the USDJPY , not something I would recommend anyone entering a trade on without doing your own analysis. On the short I have a target of around 88pips and on the long I have a target of around 220pips. We've had a bullish crossover of Moving Averages on the 30Min chart and on the 1H I can see that price is respecting to stay...
USDJPY to break neckline (support) and drop to 108.5
USDJPY was in consolidation and i think it's going to go this time to complete a three wave pattern.
If you use Wave theory,the (C) is 105,6!
I see a new high has been made extending past the kneckline of double bottom I see a possible retest of the channel support. EMAs still show a steady upward trend. I wouldnt call short until we see this retest has succeeded. If it fails we could see new highs. my Target is around 117.5 long. Im going to wait and see for any shorts. too early to say imo
The dollar and yen have both been on the rise so I expect that UJ can range some more unless we get more imbalance from the Dollar. I'm interested to see how Trump's new tax plan will effect the rate as well as the planned rate hikes this year. We could see some volatile moves. For the time being if we stay within the wedge I will be looking to go long as short...
downtrend broke out and revisit has been done with bullish candles.......wait till we see the market opening and with extra bullish candles we go LONG till mentioned 3 targets.......SL to be 20 pips (or how you manage your capital) bellow last support area
Refer to previous analysis :- Now, as promised, I have checked the S.O.P of reversal pattern. It's now valid. Pending order is placed. Wait the price to take the supply before jump down. Good luck @scandicfx
I will find reversal pattern in this area. Get you guys updated. I wish i won't miss this time.. Good Luck for Us..happy trading. @scandicfx
I'm neutral about USDJPY because I'm not sure about who will be stronger next days, dollar or yen
trendline break + retest. closure below 200+50EMA
FLAG FORMATION REPEATING ITSELF SO I AM WAITING TO GO SHORT AND MY FINAL TP WILL BE 112.500