From weekly bullish engulfing pattern, and daily break of bearish trend channel and 4-hourly break of structure, USDJPY seems to be bullish. Entry Price: 142.85 to buy low Stop-loss: 141.50 to allow scale-in / averaging for stop-hunts / sell-side liquidity Target Profit: 146.00 Reward-to-Risk: 2.33
Based on USDJPY daily chart, the recent Change of Character, ChoCh, followed with a bearish harami pattern and coupled with a bullish Trendline break. A Fair Value Gap, FVG, found near 61.8% of the current pull back, which suggest a possible drop from current price to FVG and possibly a rise to 150. Entry Price: 142.80 Stop Loss: 141.80 Take Profit: 150.25 Reward...
Potential bullish Judas Swing for another entry position. 1) liq grab of low 2) bullish CHoCH 3) identify established FVg 4) set entry to 50% of FVG/imbalance 5) wait for FVG to be fully tested and rejected (closed inside but wicked outside. 6) go to your lower tf (I pick 1m for entry) 7) wait for CHoCH on lower tf 8) find fvg created 9) wait for retest and...
Potential bullish Judas Swing for another entry position. 1) liq grab of low 2) bullish CHoCH 3) identify established FVg 4) set entry to 50% of FVG/imbalance 5) wait for FVG to be fully tested and rejected (closed inside but wicked outside. 6) go to your lower tf (I pick 1m for entry) 7) wait for CHoCH on lower tf 8) find fvg created 9) wait for retest and...
+ 1.) weekly momentum candle and then strong candle with rejection 2.) daily orderflow bullish 3.) daily fib. level (0.382) 4.) daily momentum candle 5.) 4h orderflow with fvg left - 1.) strong daily level above small pullback then long entry model
My bias is bullish as the last two daily candles have closed bullish so am looking for a break above structure with a 4h close, and a retest and Higher high close on a smaller time frame to look for buys
USD/JPY appears to encounter resistance around 148.80 over the last three days, with fading bets on a Fed rate cut. While bullish sentiments persist, the bulls take a breather, gearing up for potential momentum next week, pending the Bank of Japan's (BoJ) monetary policy hints. On the USD front, resilience continues fueled by recovering US yields and positive...
Most Asian currencies stayed narrow on Wednesday, while the dollar steadied near a six-week high as markets awaited further signals on when the Federal Reserve might start cutting interest rates. The Australian dollar fell 0.1%, even as January PMI data showed some improvement in manufacturing and services activity. The Aussie, often seen as an indicator of...
Still believe that the JPY is weaker than the dollar so am looking for a 4h / 1h close above structure and blue line to look for longs back to the top of structure
The USDJPY has entered a significant support zone. In the video, we analyse the prevailing trend, market structure, and price action, outlining a potential trade opportunity. #usdjpy
USDJPY is on its third leg up in this bull trend and heading toward a Resistance Zone at 149.350. Should we consider shorting the resistance? Or longing a pullback? How do we trade this? 🤔 Longing a pullback is the more probable trade. While we are looking at the third leg up in this bull trend (a situation where we may want to refrain from longing), we do not...
USD/JPY M30 Triangle Breakout Hints at Potential Upswing A bullish triangle pattern has emerged on the USD/JPY 30-minute chart, suggesting a possible shift in momentum towards the upside. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This consolidation...
Mizuho Bank said Japan will tolerate the yen's decline in the near term, expecting it to rise as the bank tightens policy, possibly as early as the second quarter. Additionally, Mizuho Bank said that while the Fed, ECB and BoE have not yet fully acknowledged that a rate cut is imminent, the Bank of Japan wants to avoid making a sudden change as it could could put...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The three big events of this week will likely be the BoJ, BoC, and ECB interest rate decisions. Even though we aren't expecting to see any rate cuts or rate rises from any bank, we are looking forward to the guidance that each will present alongside their respective decisions. The guidance might be enough to move the yen, Canadian dollar, or euro. The...
Explore the unfolding story of USDJPY in our latest technical analysis! Japan's Current Account growth fell short of expectations, printing at ¥1,925.6 billion in November. Despite markets anticipating ¥2,385.1 billion, the actual figure raised concerns. With expectations of the BoJ maintaining its ultra-dovish stance, we analyze how this might impact the JPY's...
⭐️ Smart investment, Strong finance ⭐️ USD/ JPY INFORMATION: During the Asian session on Thursday, the Japanese Yen (JPY) has gained ground against the American counterpart, breaking a three-day losing streak. It had previously reached its lowest level since November 28. The JPY's relative safe-haven status is being supported by a generally weaker risk tone and...
UJ buy. After hours of correction, the price finally breakout of the Bullish flag. High impact News coming out in minutes. Be careful.