1. Good volume on 4h candle 2. break of structure on 4h 3. liquidity cleared below 4. equal tops 4h, need to clear liquidity above 5. nice R/R for both scenarios 1:7 and 1:2 good luck
Price is hovering below a key resistance zone at 140.00 on the H1 timeframe, which is in line with the 38.2% Fibonacci retracement. A pullback to this zone could present the opportunity to play the drop to the next support zone at 138.80, which coincides with the 78.6% Fibonacci retracement. Price is holding below the Ichimoku cloud, supporting our bearish bias.
USDJPY has been consolidating the zone past few hours it has not followed any trend in the market and is confused so can we? So avoid trading now if you are a Short time frame trader.
Hello traders, USDJPY is on a strong trend up. Now it is making a double test on 4h support zone. Also it is a 1H support zone. Good chang to long today. 1st target: last high. 2nd target, fibo ext 1.27 position. GOOD LUCK!! LESS IS MORE!
Hello traders, I want share with you my opinion about Japanese Yen. Looking at the chart, we can see how the price retested the level 133.00 and continued upward move. Reaching the resistance level 137.75, the Japanese Yen make a deep downward correction, after which it continued to rise and broke through this level. Over time, the price created an upward wedge...
Based on the H4 chart analysis, we can see that price is falling to our buy entry at 138.79 which is an overlap support level. Our take profit will be at 140.79 which is a multi swing high resistance. Stop loss will be at 137.71 which is an overlap support level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
Following the recent surge to a two-month high, USD bulls are choosing to secure some profits as US Treasury bond yields retreat. This decision, coupled with a slightly overbought Relative Strength Index (RSI) on the daily chart, leads to unwinding of long positions in the USD/JPY pair. However, the downside for the USD is cushioned by expectations that the...
this setup is on usdjpy wednesday 31st of may 2023. trading a downtrend continuation pattern. it's at a resistance and ill call it the supply levels for this month. my biase are to take the sells in this trades.. for the rest of this month.. my only pairs are usd/jpy and btc/usd..
USD/JPY rallied significantly above 140.00 and recently started a downside correction. Important Takeaways for USD/JPY Analysis Today · USD/JPY started a major rally above the 138.88 and 140.00 levels. · There is a major bullish trend line forming with support near 139.65 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY...
The main scenario is close to being realized! The price confidently reached the resistance line of the ascending channel! We are still waiting for a strong pattern to enter a short position with a target of 133.7. This means that the price may break the channel and reach the level of impressive options contracts at 141.850, then correct to a strong support area,...
The bearish shift pullback has been started as i mentioned in the previous post le follow the bearish shit and keep shorting on supply that has been created
Greetings traders, At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX market. Based on our technical analysis, we're recommending a Sell position for traders. Our analysis indicates that USDJPY sustains below the crucial level of 139.393, it's likely move down to 138.850 and 138.550. We recommend that traders maintain a stop...
Price approach at area of value and made trend reversal pattern formation of horizontal channel pattern break down and other confluence like negative correlation with jby index and momentum gaining through candles size increase so we expect price drop till next major support
Market came down nicely from PZ to BZ as per my trade plan given yesterday, rallied to PHOD and made another flush down, forming a bearish candle, but noticably, market is still supported by the BZ. The 139.6 level given yesterday is acting as good support. Overall the daily candle looks bearish but from the looks, my view is market could give another move for...
Market still following the channel and respect the trend line also still we have buy trend and expect to continue
Clear buy stop order. Please don't enter early. Momentum needed here. I am focusing only on FOREX MAJOR PAIRS trades with 1:2 RR and above. Trade types: Stop orders or Limit orders . NO MARKET ORDERS. So, traders may get enough time to place their orders in advance. All the best. $ 500 capital - 0.01 lot size $ 1000 capital- 0.02 lot size
Market came down nicely from PZ to BZ as per my trade plan given yesterday, rallied to PHOD and made another flush down, forming a bearish candle, but noticably, market is still supported by the BZ. The 139.6 level given yesterday is acting as good support. Overall the daily candle looks bearish but from the looks, my view is market could give another move up for...