I DON'T NORMALLY PRESENT STOPLOSSES. BUT FOR THIS TRADE SETUP; IT WILL BECOME INVALIDATED FROM THIS LEVEL IF IT GOES BELOW 107.23
TP 1 60 PIPS
TP 2 100 PIPS
TP 3 OPEN
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The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390.
What we have observed is price discounting itself. An opportunity to buy at a cheaper price level.
So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
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.
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...
USDJPY HAS BEEN TRAVELLINNG IN AN ASCENDING CHANNNEL EVER SINCE THE LARGE DROP ON ALL FX PAIRS, HOWEVER IT RECENTLY BROKE BELOW IT AND CLOSED.
WE EXPECT PRICE TO RETEST THE CHANNEL (WHERE PRICE IS AT NOW) BEFORE DROPPING TO THE -0.27 EXTENSION...
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.
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...