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
USDJPY made a huge drop with JPY's strenghtening. adding to this we couldn't see something useful for USD to get its strength back on game and carry this little fella back to 113.000 band. USDJPY might retest it's fibbo level around 112.40 band and will continue it's drop. 2018 will be YEN year..
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Based on Resistance, 200 MA bounce and price being at a top of a channel, and a compilation of ABCD pattern I believe USDJPY will be going south. Lets see what happens. Happy monday everyone!!!
Validated confluences 1.Support broken resistance validated 2.Trendline broken on daily timeframe 3.Opposing level breached by short sellers (109.000-broken) 4.Profit margin 1:7 5.Strong rally up to sell zone
it seems after while the price will not have the power to go up keep watching and I think the price will break that level soon but it depends on pending orders would be on that level too, will find out soon
Selling USDJPY @ 111.75 with a 100 pip stop Targeting 109 ab=cd and a 618 fib there..
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
Go short on USDJPY @ Point D Completion on the Cyper Pattern @ 60 Stop loss: 111.400 Profit: target 1:111.136 target 2:111.050 target 3:110.989
The pair forming a 100 pips range between 113 and 114 Range entry strategy Long at the bottom and short at the top of the range Long entry valid around 113 @ ST support Short entry valid around 114 @ ST resistance Stop outside the extreme zones
Looking to short? Put your stop loss. Happy new year. May the pips be with you :) Price at H1 resistance. Seems like there is a supply zone.