we can see a very nice bearish flag forming on USDJPY, so we can see one more drop to the downside. If price is aggressive then we can hold this all the way down to 100.00 so we can secure some good positions for long term traders.
Looking for a longer term corrective trade on USDJPY to the downside. Targeting the 100 level on the daily chart. How we are trading this chart. With equities racing higher we are looking first for a reversal from the move higher in the U.S indexes before taking on shorts in the USDJPY. Will be looking at going short around the 111.52 area (ideally)
I didn't get the second confirmation yet. However, my risk-reward ratio is enough to go short here. Let's see how this works.
$USD/JPY short swing trade set-up based on a retrace to the .5 fib level, following the overall trend (bearish) on 1d, 4h and 1h time frames, and sell zone a strong resistance level with multiple touches previously. As always, trades can go against us no matter how good a chart looks so risk management essential.
My last target of 109 was hit and I closed my profits. I am currently waiting patiently for this pair to decide which direction it is going to go. Upside Target: 112 Downside Target: 106 I would recommend sitting on your hands and let the market play out, and be cautious of fake outs. Remember we did just experienced a flash crash so the markets going to be a...
1. Price already touched Upper Bollinger Band twice. 2. Price broke below middle BB with huge bearish engulfing candle. 3. Price below Resistance 4. Stoch
I see bearish divergence at rsi indicator on 4h chart so this could be a nice chance to short usd/jpy. Profit Targets: 113.1 113.0 112.7 Stop loss: 113.6 Have a nice a day, Berk.
Price has shown wick exhaustion around the 50% h4 chart. Now looking on the H1 chart there is a big bearish engulfing candle breaking the previous higher low. Looking for price to come down to 109.780 and then make its full decision on where it wants to go.
USD/JPY price action is moving well within a symmetrical triangle and is respecting trend lines. On the day chart the 200 MA (black line) has kissed price as noted (as circled). I would expect the 200 MA to serve as an area of dynamic resistance, and would place a stop loss not to exceed 50 pips above this area. Price action has respected the 61.8% fib level on...
Expect USD/JPY to reverse around 50% fib to the 38.2% fib area; pip and dip strategy takes advantage of movement expected on longer term bear run. Get the pips and close.
FUNDAS - Despite strong jobs on Friday i still see this pair retesting low 108's before deciding on direction. The dollar has had a great run lately and im sure profit taking will start to take effect, along with the Yen catching a few haven bids with the trade situation. TECHS -I will be looking for a rejection in the 109.75-110 area first, before jumping in...
Usdjpy - H4 - shorts in play down to 110 and possibly 109.30 before going long
UsdJpy - H4 time frame - Short setup under a weekly supply zone. expecting a sharp reversal down to 200 pips and maybe lower for this pair.
UsdJpy - H4 - I see price in a strong weekly supply zone and see a sharp reversal for this pair down to 107.50 and lower if usd weakness comes back into play