UJI'm watching and waiting till it hits the blue rectangle, how it behaves there will determine which direction we will follow the market to.
D-uj
UJI'm looking at this trade and I'm hysterical because I told myself that it's going to come back so move you SL. I said this before closing my laptop, but I guess it was louder in my head then the actual action of doing it.🤣🤣🤣🤣, it's one of those that are not bad because my plan accommodated the possibility of the loss.
GJThe blue rectangle is the SL, now let it run. There are more possibilities we are waiting for but till then we wait.
usd/jpy LONGfrom what uj has shown at this resistance is that vital spikes do occur, i expect it to spike up today resulting in more consolidation and then a drop down to 130.715
UJAnother possible entry we just waiting for either the pullback or consolidation, before setting up sell stops. The blue line/rectangle is our entry point.
1. Impulsive candle down
2. Pennant
3. Awaiting 3rd confirmations before entering
UJI forgot to check it, I quickly hopped in the shower😂😂😂😂😂. The blue line was my buy limit entry and my TP hit with one candlestick.
UJIf you have practiced and back-tested, you shouldn't do too much to see where we are going.
1. Pennant
2. Correction
3. 3rd touch
4. RR is inline with trading plan
USDJPY 4hour Analysis August 7th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are back to bullish on all timeframes for UJ. Last week we saw the 4hour transition back to bullish after rejecting our 133.000 zone.
Going into this week we’re looking for a significant higher low to enter long on.
Trade scenario 2: For us to consider UJ bearish again we first would need to see a break below 133.000 with structure below.
USDJPY 4H longsUSDJPY have been one of the most bullish pairs in the last months, following the structural delivery and reactions i don't see any reasons to go short on this one.
Last week UJ made 500 pips rally and delivered a perfect bullish structure to work with.
USD/JPY liquidity zoneI shorted this pair from 136.600 on breakthrough through the flag from Wednesday. That was great and easy one. Now I am waiting here for drill this liquidity zone and then I will decide my position.
But also we can open here a short if it break through the 132.500 price and if it bounce from it we just buy. Nothing complex. Just give attention to 132.500 lvl and this one will show you what you need to do next.
Good luck.
Fridrex.
USDJPY GOES UPHello all, this is my UJ analysis
Extremely bullish (weekly) pair... The dollar has formulated strength so I will be looking for buy setups at our POI levels.
Will also look for LTF sell opportunities towards our demand levels.
UJ (Please read my comment)And because we didn't take it. Clap hands👏🏾👏🏾👏🏾👏🏾👏🏾.
The lack of alignment with my risk management and my trading plan has afforded me a lesson which cost no physical Rands only time.
********BELIEVE IN YOUR ANALYSIS********
It's been a hard week, my focus hasn't been 100% but I'm glad I did not force to trade.
UJNot advisable because it does not follow my trading plan or any of my rules but it's worth the watch
How to make quick 40 pips in USDJPYSince the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market.
And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data today.
If you want to participate you can enter to my group trough the link in my bio.
For the ISM report yesterday it was really easy to get 30-40 pips out of USDJPY:
1. The ISM came better than expected with 52.7 vs. 52.1 consensus.
-> go long USDJPY immediately
2. Algos drove USDJPY higher for 40 pips
3. Take profit immediately when the first impulse of the move weakens.
4. Market participants realize that the most important subcomponent of the ISM, -> prices paid <- , came much lower than expected (60.0 vs 75.0 consensus)
5. USDJPY falls all the way back again
I made easy peasy 40 pips and so can you next time.
UJ Sell pressureWe have been ripping UJ apart recently and here is another possible entry to the shortside. Other posts linked below.
USDJPY
USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
(THIS IDEAS VALID NEXT 48 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDJPY 4hour Analysis July 31st, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking newly bearish on UJ and it does not look like it is slowing down.
Ideally this week we see strong bearish setups rejecting our 134.000 zone. Look to target lower toward 131.000
Trade scenario 2: For us to consider UJ bullish we need to see a break back above 134.500 with a higher low above. Look to target higher toward 136.500 if this happens.
UJUJ we have RVI divergence we have a strong bearish candle breaking MA9, we have weakening DXY, we can look to take sell trades around this daily candle and aim for previous balanced range, identified with the green dashed horizontals. Good night and Good Luck.
UJWait for the 4H to close if it maintains this candle then it should be good to short down here. USD is weak against majors currently as seen in DXY.
UJVery textbook and straight forward. Its been impulse, correction (accumulation), impulse and by now if you watched carefully you should have 3 entry points by now.
UJThis is so beautiful🤩🤩🤩🤩. It's Textbook, this is as close as perfect copy and paste you'll see when learning. Impulse down, a bit of correction, impulse down, retrace and continuation.
