USDJPY is showing some great bullish potential and is currently consolidating ( trading sideways) and creating bullish divergence.
I will be looking for a bearish retracement of 50% of the bullish impulse move ( point 1 to point 2). Should price moved towards this zone, I will be going long with 1% capital risked.
Considering price is consolidating as such,...
Possible long position for USDJPY. Price has been moving above both the 200 and 50 EMA indicating a long bias. Price has also broken a local resistance zone so could be going up. Tiny stop loss of around 17 pips and a 100 pip take profit, good risk:reward.
USDJPY, Ever since the extremely large drop on mist fx pairs, USDJPY has pretty much just been travelling in an ascending channel with a few false breakouts here and there.Price is at the . bottom of the channel now and has made a higher high (broken resistance, indicating a movement to the top of the channel again
USDJPY touched the bottom of the channel it has been travelling in for a long time, our FREE signal members were sent this trade as a buy stop above the previous LH. 20 pips profit already and running....
Ever since the extremely large drop on USDJPY and most other fx pairs, UJ has been travelling in an ascending channel and we have just saw the bottom.
TARGET IS MARKED OUT ON THE TRADE IDEA ABOVE - ENJOY YOUR PROFITS ON THIS TRADE...
Price has respected our trend line ( blue line ) broke resistance ( green line ) and is heading up to our TP zone ( green box )
Obviously this pairing is in an up trend as indicated by our trend line ( TL ) if you cant see that then go book an appointment with your optician ;p
Also if you get the daily chart up on this pairing you will see the last 3 candles...
Looks to me like one more turn down on USDJPY daily and we'll be looking to breakout of the triangle.
Typical entry is after first closed candle outside the triangle, but I like to get in at the bottom of the turn,
USDJPY is looking Bullish. Awaiting the break in the bullish symmetrical triangle for an entry signal. The pair has a support level within the symmetrical triangle of 110.580 where the price seems to have found support before closing for the weekend. The pair may break the symmetrical triangle bearishly by testing 110.500 level before turning bullish.
USDJPY has been trading in a bullish corrective triangle pattern on the weekly chart for a while now & the E wave upwards is in play.
We are expecting overall bullish price action to occur for huge profit targets of 200+ pips (possibility of further extension).
This chart is showing a nice long trade setup on the 4H timeframe.
Using a schiff...
- Price has held between 0.618 to 0.382 levels
- Bearish candle has formed below previous bullish candle
- Price has tested resistance twice before.
- Price may retest the resistance line again before breaking
- Confluence around resistance level
- Price tested resistance again
USD JPY , is about to explode for one of the directions! We can see that we are consolidating around 109.831-110.00.
At this moment a clean break of the trend line will take us to 110.350 or even 110.600.
However a daily break of 109.70 can take us to the lows of 109.050.
This is a trade that you do not want to miss!
All of the best
USDJPY has been trading within a huge ABCDE corrective triangle on the weekly chart.
We have scoped down to the 4H chart to find a solid entry to a long position with extended profit targets.
Entries would be placed around current market price with a stop loss below the low around 109.000 - 109.110 & aim for targets of 110.000 & 118.000.
Updates will be posted...
Having a look a the bigger picture on the 4hr and daily I have closed the Long Trade I had.
Looking at the Daily there potentially is a further drop of around 50 pips before we could see price rally up.
When price last tested the 109.800 level price had a larger 475 pip move to the upside. This zone was rejected instantly the first time it was tested and due...