USDJPY has risen to the top of a price channel that's been going on for many months. Odds are that it will drop from this level.
30 Min. Chart. Probably Short. Stop at 103.4. Primary target : 102.55 Condition: Snapping close below trend. Discarding: Price above 103.35. www.fxstreet.com www.fxstreet.com
Last week bulls tried to make a recovery and pull price up from support and past the next support but failed. Bears were able to hold the 38.2 retracement as well as well as bringing price back down into major support area (101). as price continued into this area we can see it touch the demand zone and make another reversal up but bears once again were able to...
Will the downtrend continue with a back to back bearish flag? Flag has formed, wait for breakout confirmation to enter the short. The trend is your friend
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential short position for at-least 200 pips. I'll post a weekly chart, It has a potential to go up and then it will go for another down move. .TP & SL are mentioned in the chart. Adjust your Stop Loss according to your lot size, account equity ,strategy & money management. ***If you want to get in...
Lovely time to get short on this pair, yen helicopter money ruled out and the buildup ahead of FOMC this week will both aid in this cocktail of strength for yen pairs. All eyes on BOJ towards the end of this week with their interest rate decision. Thank you for all the kind comments, I am humbled by your response - Please support with a like and comment! Trade...
USDJPY SELL Market Execution EP: 105.93 TP: 105.30 SL: 106.70
Based on AB=CD pattern , Time Ratio & Gann Analysis. This is a potential trade for at-least 6400 Pips! This trade has a complete structure and every single move will earn you Huge Pips. I have tried to mark the best entry points for both sides (Short & Long). If you follow this trade properly , this single trade will be enough for a year :) I have also...
Here are some possible movements of the market in the days to come. Most likely is to bounce between the red lines on the graph. Have fuuun!
Price hit resistance level and retraced almost to 1st support zone, may go down to 0.5 then retrace if so look for the "Long" and enter around 109.956. Price may retrace 1 more time at the resistance level and come back down to 109.946 and if so, then you enter "Long". Look to hold position for the rest of the day unless a retracement is seen look to exit and...
Looking at a potential trend continuation around the 111.000 area. Daily chart indicates we are bearish with downsides towards 106.000 area. This indicates we have room to hop on the downtrend we are currently in. Recently the 111.000 area has held strong support on 3 occasions. There is a good probability it could hold as resistance if price gets there again....
Hello USDJPY struggle to go up, he face a resistance we will see a correction down before JUMP LONG again Trade safety
USDJPY After this pair broke out of a triangle price is now retesting the bottom TL of the triangle and price is in a good sell zone. Sell the break of the yellow TL. TP 1 110 TP 2 108.5 SL 2 pips + spead above last high before the break.