i noticed a triangle pattern in USDJPY pair...as u can see guys Price has broke the Uptrend of this triangle and it testing it now...i draw the Volume Profile and i detected that price is one the POC (point of control) ofVol.Prof. ..... so i expect a bearish move in the next months
150 pip drop , indicators say this! Sell now!
Buy USD/JPY Entry 1 108.484 Entry 2 108.390 Sl 108.240 Tp.1 108.890 Tp.2 109.120 Tp.3 109.480
Buy usdjpy Entry 1 109.140 Entry 2 109.000 Sl 108.900 Tp.1 109.354 Tp.2 109.475 Tp.3 109.670
Pattern: 1D Channel Up. Signal: Bullish as the price found support on the 1D MA50 making a Higher Low within the pattern. Target: 109.800 (the Lower High on the 2019 Descending Triangle). *note: if the Golden Cross (1D) takes place you may extend buying up to 111.800 as it happened in July 2018). If the Golden Cross fails to form, abort as another sharp decline...
Look at the Fibo level s and resistance. Strong resistance which is tested couple of times but couldn't break. 200EMA & Bollinger bands working as a resistance too and UJ is overbought situation as well. In the mean time "W" pattern was formed in the chart and price starting to bearish movement. Note: Trade at your own risk. We are providing free forex...
Pattern: 1D Channel Up. Signal: Bullish as the price is rebounding after a Higher Low. Target: 109.000 (just below the 1D Resistance) on a potential contact with the 1D MA200.
USDJPY Sell Now... Middle of the bollinger band line is crossing the 50EMA means its a starting of a bearish movement. RSI shows that when its comes down from towards to up and if its turn from the 55.33 level (red line in rsi) price will come down for certain area. It means there is a confirmation of USDJPY is good for sell now. Take profit area mentioned as...
Pattern: Descending Triangle on 1M. Signal: Bullish as the price made contact with the 1M Support Zone. Target: 109.000 (the 1D Resistance). For risk seekers, if the Golden Cross (MA50 over MA200) takes place on 1D (as seen on the chart) it can extend towards the 112.00 1W Resistance.
Pattern: Inverse Head and Shoulders on 1D. Signal: Bearish as the price was rejected near the 111.900 Resistance. Target: TP(1) 111.000, TP(2) 110.750.
Pattern: Pull back on 1D. Signal: Bearish (1) short term to -2.79% from top. Bearish (2) long term if -3.41% from top breaks. Target: TP(1) 109.090, TP (2) 104.800. Successful previous break out from the Triangle:
Pattern: Triangle on 4H. Signal and Targets: Bearish if the Triangle breaks downwards (TP 110.245), Bullish if it breaks upwards (TP 112.500). *Note: First time on 1D that the pattern makers Lower Highs instead of Lower Lows. This enhances the potential of a bearish break-out.
Pattern: Fibonacci retracement to 0.786. Signal: Bearish after identifying a similar fractal on the previous 1W Resistance/ Support levels. Target: 109.000 (just above a -2.92% pull back).
Pattern: 4H Channel Up. Signal: Bullish on its Higher Low. Target: 111.400.