Trade Idea - sell setup on UJ [1H-tf]currently in a 2day PFH..
bright green line is a sell stop in case in doesnt want to retrace to the golden zone.
tp's are the following green line - can be good lines as well.
D-uj
UJ The Resurrection 2: Da Moon StoryStrength in dollar has been increasing steadily, I'm also noticing UJ is recovering major key levels as well. More bullish sentiment is coming into play and transitioning from a bearish one.
USD/JPY DOUBLE TOP STRONG SELLHead and Shoulders on the 4HR on UJ. With DXY tanking and the dollar reacting accordingly I see this going all the way down to the Head area. It keeps breaking previous lows and every pump fails to break highs. Let me know what you guys think about this and if it will fall for a long time or is it time to watch out for a reversal.
UsdJPYUj has been bearish over the last couple of weeks but the bearish pressure has been easing
Its good to notice that the bearish momentum has broken through key levels but projecting forward I expect bullish opportunities to emerge
Please follow for more updates and technical analysis
USDJPY LONGThe price on Uj is still trading above 103 support area , we are still patiently waiting for that great move and the next resistance is 105 area . although the price is still trading around our entry from last week but we are still holding and more bullish moves is expected on this pair .
USDJPY SELL IDEADaily candle has hit 5th longterm downtrend.
Looking for Sell after candlestick reversal
USDJPY - SHORT POSITION (4HR)Confluences:
- 4HR EMA Crossover
- Rejection of 51 EMA
- ABCD Pattern Formation
- 71% Fib rejection
- 1Hr Spinning tops signalling indecision
UJ Potential ShortUJ has reached the resistance of the downwards trend channel that it has been in for the past month.
It show some very bullish price action, breaking through the resistance level quite significantly but this was promptly met with
a series of large bearish candles.
Price is now meandering around short-term support.
Will be waiting for confirmation by way of price making an engulfing break through this structure before opening a position.
The fact that price did break through and is now meandering suggests that the resistance may not be as strong anymore, so I'll also be looking for a potential break-and-retest setup for a long positon.
Continued UJ Analysis - Market Profile AnalysisTrying to gauge a good entry. Price action is confirming that 104.05 is a key price level for this pair.
MIRDITA MIQ DHE DASHAMIR NA FALNI PER MUNGESEN jU SHPERBLEJJM M ENJE ANALIZ SHUM RACIO DHE DEFAKTO FAKT O
USDJPYa strong break above the resistance point at 104.282 should see a retest to enter a long position to the top of the trend line at price 105.036
USDJPY shortJapan recently had positive stimulus news so Yen strength makes sense.
We are retesting former lows/support.
The 200 moving average lines up with this level on H1 and M30.
Market has also broken below the 200 MA and is retesting it.
Entered on the close of a consecutive bearish M30 candle off the 200 MA.
USDJPY MULTIPLE SHORT SIGNALS.
- Uptrend breakdown + Pullback
- Price rejecting resistance + 0.5 fibo level + 20 & 50 EMAS
- Bearish market
UJ to return to Corona Virus Lows and BeyondUJ is testing the bottom of a massive symmetrical triangle.
We already broke the triangle in March but quickly recovered, this time we should see a break for good.
This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
USDJPY LongUS has positive fundamentals with all the vaccine news and positive stimulus talks as well.
Technically we have a clear S/R flip or Break and Retest.
Rejected between the 38.2 and 50% Fib levels.
Broke bearish structure on M30 and H1.
