I'm looking at a Bullish trend forming, but ill be looking for a retest to confirm my Buys, if price respects the 50%..if it breaks it, I will wait for a retest of reversal patterns to go test the 108.00 area. (Feel free to leave a comment)
Selling at market price 107.854 with # SL @ 108.188 and # TP @ 106.807 You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg
# Support broken # Tested as resistance # Sell signal printed Selling at market price @ 109.668 with # SL @ 109.890 and # TP @ 109.099 To learn more about this trading system/strategy please feel free to join my mailing list at www.profitfxza.com As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Price is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal. Conservative traders will wait for confirmation (bearish candle) Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so I am in short @ market price 111.952 and SL above the high @ 112.227...
Salam and hi my name is Khalid Hamid. USD Index is showing a reversal, thus USD pairs might go down too (including USDJPY). Early sign is there but still need to wait for a STRONG BREAKOUT signal to the downside. Watch the video to understand. ;-) Tomorrow is NFP and few other high impact data release so please be careful with your trades. Good luck and...
FX_IDC:USDJPY I am trading on a small account, documenting my progress. This is not intended to be a signal! Descending- H1 Channel Awaiting Pull-back to retest upper channel, and fib level 0.382 were we have a sell limit placed. Take profit is at strong H4 Support. Sell Limit - 110.380 SL - 110.816 TP - 108.500
We saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels. Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair: IF the above happens I will have my stop above...
Resistance tested as support and a buy signal (hammer) has printed. I am buying @ market price 111.379 with TP @ 111.986 and SL @ 111.059 Stop just below the support and take profit at the resistance level
Going long on USDJPY 1. Price pinned the 50ema 2. Bullish engulfing candle pattern completed My stop is a tad below the moving average at 110.110 and take profit below resistance at 111.042 This set up is purely based on doing buys if price is above the 200ema using it as a trend filter and then the 50ema for entries targeting previous highs. This trade has a...
FX:USDJPY Welcome back to a new trading week :) Following some bullish trade ideas from last week and the week before, long orders were closed with little profit as the charts slowed down on the bulls and started to bring signs of bearish price action to the charts... I have applied the top down method in analysing to find on W1 and D1 time frame corresponding...
Breakout from the bullish flag pattern on H4 Open buy @ market price 109.738 Stop loss @ 109.067 below the low and Take profit at previous resistance @ 110.513 Note the hammer that pinned the 21 ema - buy signal... Don't bet the farm and always exercise healthy risk management.
FX:USDJPY Price has just pulled back above the long term trend line drawn (on H4 and D1 tf) following the flash crash from last week. Note the marked bullish engulfing candle pattern printed on support signalling the potential move higher. I have opened a buy order at market price 109.042 with *Stop loss below the support where I feel that the setup would...
Breakout is due very soon! Lower trendline is more powerful indicating we may see a bullish breakout. Wait for confirmation before pulling the trigger.
Price approaching key levels. On my watch list! More details to follow, feel free to share your thoughts
FX:USDJPY Price above 200ema = up trend Up - trend line Short term resistance broken My idea Buy @ market price 113.340 SL below low @ 112.598 TP @ previous highs 114.409
USDJPY Break the trend line and possible goes down
FX:USDJPY 1. Price was unable to break the prominent 114 level 2. Up trend line broken to the down side 3. Trend line re tested from the under side Selling at market price 113.389 Targeting previous support/resistance levels SL 113.800 TP1 113.029 TP2 112.805 TP3 112.541
this pair is getting hot so keep eye on it.