Buyusdjpy
USDJPY LongHey traders, USDJPY already hit the 117 target mentioned in the previous chart, in my opinion i think USDJPY will consolidate now and form another bullish flag before hitting the swing target of 118.
once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USDJPY SWINGHi Traders, USDJPY already rejected 114.3 Weekly Supply Zone as was predicted on the idea previously, we're trying to monitor now the best zones to consider for going long, once any buying confirmation is noticed.. the trade will be executed.
Trade Safe, and remember to use a good risk management especially in swing trades.
Kenji signals: buy USDJPYToday, the indicator "Kenji" on the daily USDJPY chart generated a buy signal.
Let's give some explanations on this signal.
This is the ordinary signal to open the trade with a basic volume .
According to the indicator, the price of USDJPY is currently in the active uptrend phase (the area between the fast and slow averages is colored blue). At the same time, current prices entered the buy zone, which led to the formation of a "buy" signal.
The long position remains relevant until either the market conditions change (for example, the uptrend changes to flat or downtrend), or a signal to close it appears (a blue cross indicating a sharp divergence between the price and average values).
Recall, work in a trend is one of the most comfortable and potentially successful trading options.
For reference:
The "Kenji" indicator is a brand new look at the average analysis. The main problem of most trading strategies and indicators based on the average analysis is a number of false signals in the case of flat and trend reverse (for example, frequent crossings of the averages, numerous changes in the direction of the averages, etc.). As a result, averages analysis cannot show its real power and effectiveness.
The Kenji indicator using a unique algorithm avoids the most common average analysis traps and significantly improves the quality of signals by determining the current state of the market (using the color indication "Kenji" shows the current state of the market: red color - downtrend, blue - uptrend, green - flat).
It generates signals for comfortable trading in a local trend. The indicator provides information on both the timing position opening and the moments of profit taking. It also helps to determine the level of aggressiveness of a signal. This makes the "Kenji" indicator a handy tool both for novice and experienced traders.
Buy opportunityBig players are taking bullish bias recently, shown with the impusive leg to the upside, now corrective move is formed.
The last recent swing high is in conjunction with EMA50, which provides good entry level at around 106.193
Stop loss below the last recent low 105.828 and target at the major resistance 107.528
R:R 3.5:1
USDJPY Scalping Opportunity. Buy after CompressionA big compression happen on 22nd May 2019 as you can see on the chart. Bear power is still weak to consider selling.
Buying opportunity emerged as there are DBR that break Resistance on 20 May 2019.
We can start to buy at liquidity level or we can wait and buy at QML on lower TF.
TAYOR (Trade at Your Own Risk)