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...
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.
Possible drop for USDJPY. I have been following this pair closely for a few months now and it has been acting throughout a descending wedge and I have been awaiting the breakout of the wedge and it has occurred today. The price has also been moving under both the 200 EMA and 50 EMA which also adds to the short bias. I have placed a long term trade with over 200...
Been monitoring this trade since last week Monday. Saw the support zone for last week overall trend reversal and now letting the pair produce a bullish channel.
It the current candle which opened this evening closes above my line @110.189, this will show that it has broken previous daily tf resistance.
Target Price @111.459
USDJPY has been travelling in a (BLUE) descending channel and has also been following and testing a (BLACK) descending trend line multiple times inside of the channel. Price on the daily chart made a sharp move upwards yesterday breaking above the previous resistance zone (now support) and also the black trend line. Depending on the closure of today's candle we...
USDJPY on the daily Time Frame has been moving inside a large (BLUE) triangle. Last week price saw the top of the (BLUE) triangle, when it was following the (BLUE) ascending trendline. Price had a clear break of the ascending trendline with a short retest, while price was doing this it also formed a (BLACK) descending channel.
Right now price is at a MAJOR...
Reasoning behind buying in this zone are daily swing low, April monthly low , daily 0.618, previous horizontal support... its has not been an all out dump from 112.4 with the bulls showing up at.0382 and 0.5
Reasoning behind target is, if we bounce in the exact spot, the target will meet up with the 0.5 and double top on the 4 hour, also...
USDJPY has been travelling in an ascending channel ever since the large drop on all the fx pairs. At the moment , price is at the bottom of the channel and also the 0.618 retracement level of the previous wave upwards. ALL signs are indicating a move up to the TP which is -.027 extension level.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
As you may have already gathered, I am a Bullish Trader. My edge is bullish, so I only buy and I don't sell.
EURNZD reached some daily and weekly support where price then reversed Bullish. I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do...
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