USDJPY has been trading in a very tight range (like XAUUSD, which are always going opposite ways btw). UJ couldn't break through that 0.618 which is also a weekly resistance for this pair making this short a very good one RR trade. I will be shorting this pair from here and I'm looking for a retest of the bottom of the descending bearish channel. Trade safe!
USDJPY potentially BEARISH point of entry is well given till tp given.
This is a test setup of my own for the USDJPY , not something I would recommend anyone entering a trade on without doing your own analysis. On the short I have a target of around 88pips and on the long I have a target of around 220pips. We've had a bullish crossover of Moving Averages on the 30Min chart and on the 1H I can see that price is respecting to stay...
On this Weekly Chart we can see a clear H&S pattern which give more strong to bears to continue pushing the price down.
Buy above 109.27. Stop loss at 110.28. Take profit at 108.71. Reason for the trading strategy (technically): Price has dropped strongly and has reached a major support level at 109.27 (Fibonacci retracement, Fibonacci extension, price gap) and we expect a correction above this level to at least 110.28 resistance (Fiboancci retracement, horizontal pullback...
Buy above 110.25. Stop loss at 110.03. Take profit at 111.15. Reason for the trading strategy (technically): We remain bullish looking to buy above major support at 110.25 (Fibonacci extension, horizontal swing low support) for a push up to at least 111.15 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major...
Sell below 111.62. Stop loss at 112.18. Take profit at 110.49. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We prepare to sell below major resistance at 111.62 (Fibonacci retracement, minor pullback resistance) for a drop towards at least 110.49 support (Fibonacci extension, horizontal swing low...
Buy above 110.21. Stop loss at 109.72. Take profit at 111.43. Reason for the trading strategy (technically): Price has been dropping perfectly towards our profit target. We prepare to buy above major support at 110.21 (Fibonacci extension, horizontal swing low support, bullish divergence) for a push up to 111.43 resistance (Fibonacci retracement, horizontal...
usdjpy D1 wait for pullback
Hi guys , After strong upward move USDJPY is looking for retracement. I am not telling that this trade will sustain for a long term because over all trend for the pair is upward. but For Short term you can jump into the trade thanks .
USD momentum virtually gone as we approach the major resistance level area (D leg). A sell off would be appropriate in this market, Atleast into the FOMC Meeting next month. Will update when developments occur. #FFT
Hey guys, this is my daily outlook on USDJPY. As you can see price has come back to test previous support zone that once is broken should turn into resistance. As of now, price has already showed some rejection signals, but it's not enough. Watching closely to 1HR and 4HR in order to find shorting opportunities. Keep you updated. If you want to share your view,...
Hey guys, this is my daily outlook on USDJPY. As you can see price has come back to test previous support zone that once is broken should turn into resistance. As of now, price has already showed some rejection signals, but it's not enough. Watching closely to 1HR and 4HR in order to find shorting opportunities. Keep you updated. If you want to share your view,...
Important resistance and support levels on the 4hour time frame for UsdJpy. Buy or sell that break-out
usdjpy short setup ENTRY 111: 17 STOP 112:40 TARGET 109