Hello traders, USDJPY is trading at 103.97. The price is trading in a downward resistance and support wedges and can consolidate further before starting down trend. If the price breaks the key level at 103.88, it can continue its down trend and its target prices are as follows. 1st target price at 103.32 and 2nd target price at 102.59. Follow proper risk...
Overall sentiment is to short it. Now I will be looking for the best oportunity to sell it. Scale it up into 1h, 30min, 15min and find the best entry!! Good luck to you all. Let's smash it!
Confluences: - 4HR EMA Crossover - Rejection of 51 EMA - ABCD Pattern Formation - 71% Fib rejection - 1Hr Spinning tops signalling indecision
PE already done a retracement, we can open short trade.
Currently, USD/JPY is trading at 104.10. The pair is trading in a sideways trend and can break the support level to start a new down trend. If the price breaks the support level at 103.66, then it can start a new down trend and its first target will be at 103.20 and second target will be at 102.65. Follow proper risk management strategy to avoid unnecessary...
Currently, USD/JPY is trading at 103.91. The pair is trading in downward resistance and support wedges and can continue the same trend if it breaks the support level at 103.79. If the price breaks the support level, then it can continue the downward trend and hit the target price at 103.14. Follow proper risk management strategy to avoid unnecessary losses and to...
Like the title says; SHORT
UsdJpy is in a downtrend for quite some time and clear support for this pair is just above 104 zone. I believe this support will be broken and the pair could drop to 103 or even 102 Yesterday UsdJpy had a spike above 105 and reversed aggressively confirming strong sell in that zone. Rallies should be sold and only a daily close above 105.20 would delay this outlook
Target: 102.50!
Potential SELL re-entry at test of fib retracement levels + Breakout below rising wedge support ↘️.
Looking at a Supply / Demand That Hedge funds etc. use. ~Careful of big spikes at zone that chase stop losses (Spread SL farther than normal) ~Win / Loss Ratio is minimal of 1:5-6 ~Patience is key. ~Emotionless trading. ~Already in a buy (riding up to Supply / Demand Zone) Let's Make Money!
USDJPY is making a series of 1-2, i-ii wave structure. This usually indicates a strong impulse move in wave (3) of 3. Price also rejected a resistance level with two pin bars on the daily chart. Expecting further decline on UJ once the price breach the green lines on the chart. The breach of the red line will invalidate this setup. What's your thought on UJ?...