We sold this position for a target of +50pips and exited early at +35pips after we found strong resistance on the 4-hour EMA50. Lower timeframes suggests a sharp pullback and as we look back over the charts we can see the EMA50 has historically provided a solid ground for dynamic support & resistance. With this in mind and the higher timeframes being overall...
It looks like price has run out of steam at a strong resistance level and will start to pull back. We've got bearish divergence on multiple indicators. I do believe monthly + weekly outlook is bullish but we have an opportunity to take 50+ pips from the market here with a tight stop. Daily timeframe upper resistance of channel has been touched: MACD shows...
On the chart you can see we are now in a strong supply zone, we aspect a sell to the demand zone. Market makers will create a stop hunt in the london session , when the stop hunt is created we are going to sell USDJPY. If you want to see our stop loss and take profit levels? Check our free telegram group with signals and trade set-ups: t.me
USDJPY Timeframe: 1D Direction: Long Confluences for Trade: - Bullish candle formations - Stochastic moving out of Oversold conditions - Price action bounced off Strong Support (since March '18) - Fundamentally, we are taking opportunity on the reversal of the algorithm trading crash and with FED's hike projection becomes unlikely, the funding currency...
USD JPY , is about to explode for one of the directions! We can see that we are consolidating around 109.831-110.00. At this moment a clean break of the trend line will take us to 110.350 or even 110.600. However a daily break of 109.70 can take us to the lows of 109.050. This is a trade that you do not want to miss! All of the best Trading Protection
Look for a sell on USDJPY, its a valid bearish bat pattern... please like and comment
So with USD/JPY right now we will be focusing on the key level 108. If we can stay above this a retest of 109 and higher is possible. Although I feel its more likely that we will fall under 108 to the 106-107 region. Keep an eye out and wait for either a 2 hour candle to close below 108. or a 2 hour candle to close above the trend line, be cautious for fake outs!
USD/JPY is still bearish and Minute V (red) could be resuming soon.
Breakout is due very soon! Lower trendline is more powerful indicating we may see a bullish breakout. Wait for confirmation before pulling the trigger.
Hello everyone, looks like USDJPY pair is at a crucial level. Will we continue to reject the resistance trendline and move to the support trendline? Or will we break right through and make a move to the upside? Both situations are very probable but I'm leaning toward a weaker USD and we move to our downside targets. Lets see how this plays out. It will be fun!!
Hi Everyone. So USDJPY now is very near to demand zone also we can see the completion of pattern at the same zone. Buy would be the expected call . Good Luck. P.S. I'll update the chart as per time. Stay connected.
USDJPY Break the trend line and possible goes down
USDJPY is headed down, BUT the long-term analysis of the monthly chart is not bearish. The current US President (President Trump) will do everything he can to boost the economy (or the market sentiment) as the upcoming political debates take place. Perceived improvements in the US economy will send the USDJPY up over the next few months, however CURRENTLY there is...
UJ is touching the trendline and its up to decide if it will cross downwards or bounce back up. According to TA looks like a reversal and maybe after a push through.