USDJPY – Buying A Breakout From Multiple Inside Bar Pattern Price Action: Price formed a Bullish Multi-Bar Fakey Setup late last week (yet to trigger). Price had been forming a Multiple Inside Bar Pattern since last Monday (We suggested trading this pattern in the May 6, daily newsletter). Price moved higher from the prior Bullish Multi-Bar Fakey Setup that...
USDJPY – Buying A Breakout From Inside Bar Pattern Price Action: Price formed an Inside Bar Pattern, late last week. Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed mid-last week (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter). Potential Trade Idea 1: For more aggressive traders, we...
USDJPY – SPOT: Waiting For A Retracement To Rejoin Up Trend Price Action: Price briefly moved below the recent Multiple Inside Bar Pattern that had formed late last week (We are not considering trading this pattern). Price moved significantly higher from the prior Bullish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed just above the 125...
USDJPY – SPOT: Breaks Higher From Bullish Fakey Setup + Long Tailed Bar Price Action: There is no new price action signal to note at this time. Price significantly moved higher from the prior Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.15 – 40 short-term support area over two weeks ago (We suggested trading this setup in the...
I just cleaned a sharp 80pips on Yen without any drastic reversal. I am still in the trade! Well, the bullish run could encounter a slight reversal to the previous resistance zone, which would now be used as support at 116.35. Trading setup Buy limit - 116.35 Stop Loss - 118.00 Take Profit - 116.00 Use proper risk management that best fit your capital...
USDJPY – Bullish Fakey Setup Triggers | 2-27-2022 Price Action: Price formed a Bullish Pin Bar Signal just above the 114.69 – 115.05 short-term support area, late last week. Price briefly moved higher from the recent Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.69 – 115.05 short-term support area, late last week. Potential Trade...
On the weekly BNB continues it's downtrend. The daily chart looks good but zoom out to the weekly and we see that BNB clearly needs to break out of its resistance to have a chance at a full breakout. It did meet the $401 mark from February 4th when Bulls were buying lower at $350. If the downtrend continue bulls will start buying at $320 and lower instead of $350....
USDJPY (long-term) $ vs ¥ The market has been moving sideways since a bullish impulse in wave ((A)) finished. It seems like a wave ((B)) is taking the form of a triangle . So wave C of (D) is finished. If correct, the market should continue to decrease towards the pattern’s lower side to a wave (E) , in the coming months.
USDJPY (long-term) $ vs ¥ The market has been moving sideways since a bullish impulse in wave ((A)) finished. It seems like a wave ((B)) is taking the form of a triangle. So wave C of (D) is likely underway. If correct, the market should continue to increase towards the pattern’s higher side in the coming weeks.
A bounce off the 50EMA on the daily offers great support for this long trade to fill the Shaven Top Candle at first target... then the second higher target if all goes well. Happy Trading folks! Cheers!
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that the downtrend is not broken, it will head towards the downside again, so this is a low probability that it will fall, it may break the trend. *** Here is the full analysis for this pair, let me know in the comment section below if you have any...
I am personally have a 30 pip stop loss and 45 pip take profit. Manage RISK to your level. Checkout my YouTube at NOEFXX.
A very decent short position on the reversal of the support turned resistance of the the descending channel on the 4 hour. The EMA's showing bearish signals as extra confluence with also a strong bearish channel on the higher time frames. This will hopefully be a very good sell trade! Let's see what happens during the week!
A high probability that the trend will reach the resistance zone
A high probability of a trend return to touch the strong test line in the event that this possibility is achieved and a strong test line has been broken strongly. A strong possibility for a strong rise in the price to the resistance zone However, in case he did not stand up and could not penetrate the strong test line, there is a high probability of the trend...
Hi traders. USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back. I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the...
USDJPY has been in a correction phase since August 2019. It might all end in December or January.
*Yellow = 200 EMA | Blue = 100 EMA This is the FX:USDJPY with Ichimoku overlayed with two moving averages. This pair is setting up nicely for a 500 pip move between 104.499 and 109.621. The support around 104.50 level has been used as resistance multiple times during September and October 2016. It has been used as support March 2018, January 2019, and...