141.200 was my flip zone Price was making higher high and highe low Thereafter price (ChOC) and started forming lower high is the indication for me to go take short & Aiming target for 139.250 With R:R by 1:5
☑️ Broke the structure on the D1 timeframe If we break the red level, the analysis becomes invalid🙅♂️ Let's make some money 🙌💪
USDJPY's journey is in accordance with last week's analysis where the price was stuck in the support area and now it is corrected and enters the fibo 0.382 area. If you look at the close of this week and a fairly strong bullish candle is formed, and the price pattern is lined up on a curved line, it is likely that strong bullish will still dominate after this.
I normally don't trade UJ however for the benefit of those who do, thanks to a friend's request to take a look and share my thoughts, here is what I would normally look for, a break above the 139.134 zone and a retest of same area, will set the pair up for a nice long position. A break below the 137.296 area and its retest, will set the pair up for a short. For...
today the movement of this pair looks bullish after the market structure has made a new HH. still in accordance with the previous analysis, the target price is at fibo 0.382
for two weeks experienced a deep bearish as far as 700pips, this pair is positively included in the bearish trend. at the end of the week there was a correction which if we pull the fibo retracement until the end of the week still reaches the level of 0.786, I estimate this correction can reach the level of 0.382.
Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Completed " 1234 " Impulsive Wave Demand Zone Fibonacci Level - 50.00% / 61.80% Exp FIAT in Short Time Frame as an Corrective Pattern RSI - Divergence
if you look at the price movement in the past week it looks very slow but the price is still moving bullish, this looks like price compression. usually when something like this happens, in the near future there will be a fairly high price jump. the initial target is still the same, namely in the fibo extension area of 1,618 and it could be that the price jumped...
Even if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter. Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control. On the other hand, an eight-week-old...
if you look at the elliot notation and fibo extension placement, then wave 3 is right at 1.618, which means wave 3 is already 1.6x longer than wave 1. I want to predict where the USDJPY price moves using the fibo extension, and it could be that the price goes to the fibo extension of 1.618 as well. if you look at the trendline, there is a possibility that the...
USDJPY on Daily TF looking forward to taking orders from POI Area while covering the Fair value gap we can see sell trades in the POI area with a complete risk-reward ratio Just my thoughts:)
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I'm waiting for this pair to go to Resistance and will re-observe whether the bullish will continue to strengthen, or there will be a reversal. for now I still see the bullish still strong.
when wave 5 looks over, now enter the correction period, I have not added the new elliot notation, I have not seen the pattern that will occur even though the price movement looks positive for a correction. short term the price will drop to the SnD area with invalid restrictions, when the price moves higher than the invalid area it could be bullish again or there...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY breakout trade place buy and sell stop orders
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
wave 5 is most likely completed. the price is right at fibo extension 1. the length of wave 5 is the same as wave 3 and currently the price is trending down. i am looking for opportunities to short this pair.