Anticipate for PRICE BREAKOUT. Buy above : 122.550 Sell below : 121.661
It's a simple trade - keep a lookout for this formation! 9th December's giant candle, and the inside daily candle for 10th December. A close below the HIGH/LOW of 9th December's red candle can potentially spark a breakout in that direction next week! In this case a close below seems highly likely.. Good luck.
In the daily chart, UJ has been looking obedient in respecting Fib retracements, as from Dec of 2014, the low of 115.561 continued trending upwards to 125.856 on the 5th of June 2015, then subsequently retracing back to test the .764 zone on 24th August, failed, and then tried testing the .764 again on the 15th of October 2015, before resuming its upward...
Based on Monthly Chart (Candles), it looked like a confirmation of bullish might appear. But wait until November monthly candle actually completed. Based on the information above, I would enter long. I would enter long ... may be in 2nd week of December. I would not enter in the 1st week of December, because based on weekly chart, it looked bearish ... it could...
After FOMC stated possibility rate hike in Dec as China is stabilizing, I'd expect USDJPY returns back to its 125.00 level in the following week. What do you think? Let me know in the comment section below!
Expect for price breakout. Buy above : 120.220 Sell below : 119.879
Anticipate for Price Breakout. Buy above : 120.500 Sell below : 120.226
Forecast for price breakout. Buy above : 121.111 Sell below : 120.770
Expect for price breakout . Buy above : 120.770 Sell below : 120.495
Forecast for a price breakout Buy above : 121.111 Sell below : 120.770
USDJPY should have a new rally, investors beging to close their shorts and start to buy again
A lot of things i see here for FX:USDJPY 1. Major Cypher(1) pointing 112.0; (note:* for this cypher(1) I took the impulse leg with the candle that breaks out the structure and not the bottom of structure, marked on chart with yellow circle); 2. Double top formation forging a 2618 trade setup; (a little lame because the second attempt did not even touched the...
the USDJPY pair shows a harmonic pattern downwards to reach the fibo levels of 1.2 and on the long run to 1.6 if it broke the 1.2 downwards, SL to be placed above the most previous swing high
FLAG PATTERN BREAKOUT. STOCHASTIC ALREADY OVERBOUGHT INDICATING A LITLLE RETRACEMENT IS POSSIBLE, WAIT FOR THE PRICE RETRACES TO H. SUPPORT. GO LONG. AND THEN TAKE PROFIT AT FLAG TARGET THAT COMES IN CONJUNGTION WITH THE 1,27 EXTENSION AND D POINT OF THE ABCD PATTERN. (WHICH MEANS THAT COULD ALSO BE POSSIBLE SHORT OPPORTUNITY, IF YOU'RE AN AGRESSIVE COUNTER TREND TRADER)
I've placed a long trade here with the stop below the pinbar on the Daily chart. I'm aiming for 125.00 as the target for this trade. If you look at the chart in the Weekly timeframe, you can also see a pinbar form.
Shorted USJPY at 124.25 based on my previous pattern on USDJPY. Break below 123.56 for better confirmation and may also close as a doji or shooting star on daily chart.