Its going Correction from Weekly resistance
Possibly Yen is Trying to get stronger but due to inefficiency of data Investors might worried to get short on it
I am shorting it from 87.10 levels FX_IDC:AUDJPY and Targetting 85 levels acc. to waves
Placing 30 pips stoploss Risk on it
Thanks and Trade safe
Dipak Zed
The trade of the year continue, buying the dips in the yen pairs. It seems not to matter which one you buy or when just as long as you do not buy the yen chances are you will make money. For this sytem we have to wait for a pullback and a 3 wave pullback has developed here, entry will triggered if price moes into the blue box and stop loss will be set to allow...
3 ways UJ to play out.
Ideally I'll like to see price to pull back into a HTF block to take out liquidity then rally to take out stops.
New approach with my analysis using the features of tradingview to look at specific higher timeframes to add to my game.
Short on USD/JPY.
Nice cross on the daily stoch
Ready to break from symmetrical triangle.
5 wave pattern completed with abc retracement. Then a retest for another big wave.
Nice wicks showing no interest in breaking resistance
4 hour candle dwarfed the last few candles.
Ready to go down to 104
Good RR ratio
My idea is a short opportunity in between 123 -122 levels for setup to 116-117 take profit, for a continuation of the ongoing pattern. Waiting for confirmation from the market, watching price reaction from fib levels 0.38 & 0.5.
Good Luck!
We took a short on USDJPY before NFP on friday in our trading room, however I think the NFP move is not a good indicator of the bigger picture. This is a swing trade.
This chart is a bit tricky. www.mql5.com It appears bearish long term, however with stocks making new highs many maybe a bit scared to go short this pair. I understand fully on this fear. What scares me is the huge amount of retail longs in this pair. Its about 73%, I do not remember the last time a pair rallied when the retail traders where one sided to this...
Opportunity spotted !
H4 Double Long tails formed, first tail is higher than second tail.
Based on past candle pattern, further downside could be expected.
Trades for next week ;)
Price is in a downwards channel and has slipped under old support, it has tried to pass this area (111.687) twice now and has failed to do so. This could be a very nice short opportunity.
Entry - 110.870
TP 1 - 110.460
TP 2 - 109.762
TP 3 - 109.292
TP 4 (Target) - 108.739
PRICE RESPECTED DAILY TREND STRUCTURE PLUS FINDING SUPPORT FROM KEY 113 LEVEL.
THEN RETESTED MARCH EQ BEFORE CREATING THE SWING POINT.
SWEET SPOT & 79% LEVEL CONFLUENCE WITH REFINED H1 BR - 15MBR.
PRICE ACTION TO FIND RESISTANCE @ THE 15M BR THEN TO TAKE OUT THE LOW.
A LOT OF DOWNSIDE POTENTIAL - 111.755 MS, 108 & UNFILLED GAP.
NFP COULD SEE PRICE TAKE OUT...
Japenese index Nikkei225 - Price under major daily and weekly resistance. Good short trade with great risk to reward. This correlates with jpy currency strength.
Bulls still in control of this pair after the breakout. My take profit area will be :
a) TP1 84.05
b) TP2 85.20
c) TP3 85.68
Failing to break-thru 84.05 will give a sign for reversal and closing the gap.
Just for your information, i am still holding my buy at the latest breakout in Trend line.
This short is for short-term only with a good risk and reward.
Trade at your own risk.
The breakout is so incline worried me a little because a breakout with angle more than 45' degree is a sign for it to go even further up. and that is why i'm going short with small lot size and tight Stop Loss.
Short because the cycle seems to end approaching the previous Resistance. Trade at your own risk.
Hey guys, Ive been tracking yen futures and posting updates for forex fb group. This is good to look at for JPY pairs. Looking for more downside on YEN, so upside for xxx/JPY pairs
Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...
