Here we have a bearish bat entry backed up for a double top and a good supply and demand zone created by the drop which originated at point X of the pattern.
After the much awaited NFP, We expect USD to make a big pullback!
USDJPY is unable to trade above the mini structure 119.80
Our short for this trade is 119.70 stop is very tiny above 119.80-85.
A break below 119.36 will give us a proper slide to 118.30 first target.
Below here we expect the pair to trade towards 117.119.
ENTRY: 119.70
STOP: 119.85
1ST TARGET:...
- USDJPY seems to be caught in a pretty clear range on 4h and 1h charts
- resistance zone is between 118.60 and 118.90
- support zone is between 117.25 and 117.40
The daily chart has lower highs and price is mostly below 20EMA (on 1d chart), so I would prefer to short in that range, close but not reverse the position near support and in case price falls below...
I took a short at 118.70, Risk-Reward = 6.5
SL@ 119.10 (-40), TP@ 116.10 (+260)
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what if:
a. BOJ does not pressure on Yen
b. ECB gives more uncertainty the next day and stocks tank,
then Yen could sour and USD should fall before Davos
- from technical point of view a pretty easy trade as there is a false breakout over...
Trading idea on 4h chart:
Short USDJPY – looking for best short entry after NFP volatility
- After last Friday’s volatility, which was positive for USD on the first glance, but ended to be negative
for the USDJPY pair, I am looking to get short with the final target at about 116.00-116.20
- I like to rejoin the trend, which is down for me now (on 4h...
sell trade. currently retracing after closing successfully below 119 yesterday. sell at 119.23 for favourable risk reward. ONLY sell if favourable H4 price action surfaces. such as pin bars engulfing bars.
D1 21EMA and resistance confluence.
USDJPY had few weak days indeed. As there are no fundamental reasons to short this market at this stage, we assume long up trend to resume from 1.1520 area (50ma). This position could be easily stopped and reversed if market conditions change. Lets see.
The pair is vulnerable to downward pressure below 117.03 area and stop is place above.
We are seeing the repeat of FAILURE A to B as we can see on the chart.
A break below 115.56 will signal further slide in the pair towards 113.80 region.
look short on short-term,but I will change to "Long" by going higher.
First, there is the fact that broke the push-lows.
Are rising strongly momentum now, but can not be ignored the above facts.
Currently, I judge that have been struck by Resistance Zone.
Points buying on dips for this rising are two blue zones.
if "A-Zone" was cracked , decline would...
HERE IS A SIMPLE CHART OF WHAT I'M EXPECTING FROM THIS PAIR FOR THE NEXT DAY OR TWO. THE PAIR IS AT IT'S EXTREME TOP, BUT SADLY THERE CAN BE MORE STRETCHING ALL THE WAY UP TO 120 BASED ON HIGHER TIME FRAME ANALYSIS. BUT I'M NOT OVERLY CONCERN ABOUT THIS MOVE SINCE IT IS NOT SHORT TERM. FOR NOW, MY PRIORITY IS FOCUS ON DOWN MOVES. IN OTHER WORDS, ANY +50 PIP MOVES...
THIS IS A FOLLOW UP ON MY PREVIOUS POST. THIS IS MY PROJECTION FOR THIS PAIR FOR THE REST OF THE WEEK. IN MY FIRST POST I FAILED TO MENTION THE STRONG SUPPORT THAT EXIST AT 108.64 WHICH CAN CAUSE A SHORT REVERSAL BACK UP TO OPENING PRICE. KNOWING THIS CAN BE BENEFICIAL IN MANY WAYS. 1. IF YOU ARE ALREADY IN AN OPEN POSITION AND FEAR YOUR PROJECTION OF PRICE WAS...
OPPORTUNITY TO PICK UP A FEW PIPS FROM THIS BULLISH FLAG. I'M EXPECTING PRICE TO FALL TO LOWER CHANNEL AND REVERSE TO BREAK OUT OF THE CHANEL TO FORM HIGHER HIGH.
IF CONDITIONS CHANGE I WILL UPDATE IN COMMENTS.
