usdjpy posible 200+ pips move to the up sideusdjpy posible up side move ready to test support once more then for the up move
D-uj
USDJPY - LongPrice can possibly go long; Its possible price could be forming an descending triangle on the LTF. And that could push price down to support #2 and even support #3. But overall UJ can go long, price is in an descending channel
Almighty UJ Drops.. Is it done yet?❕📊UJ has been dropping like crumble in a legal state’s dabber since forever now it seems.. Are these longs going to pay off⁉️
UJ finally finished a day in green with slightly promising looks of a couple hundred pips up move during the next week. If any trend changes when FX resumes after the weekend we’ll be looking for a short entry for the week 📊
Another chart to stay tuned on for the possible upside, if not the noticeable downside 📉📉
USDJPY - Long comingCOT data (Leveraged Funds) have move positions long in this last week. Asset Managers are still predominantly short. But Daily, Weekly becoming exhausted.
DXY strength down overall, but this would be a pullback in the shorter term.
See Daily & weekly Situations below.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Bullish move into Big short push on UJ Could see a bullish move into a large bearish push on UJ for a downtrend continuation. Should see a large fakeout just after ATR n volume has drop significantly in the upward direction with a large spike in volume and atr after the move. Dont get caught in this move as this is the trap that is due to turn an accumulate liquidity in the market for a bearish push.
USDJPY LONGLong USDJPY for bullish continuation on 4HR and Daily timeframe. Watch for indications around 61.8 fib and then a breakout of purple channel.
USDJPY showing bearish strenght (LL and LH structure)#USDJPY (1H):
The price failed to push above the daily descending triangle and now price action is showing a downtrend structure. This is also confirmed by the broken wedge.
Anyway, a retest of previous swing low zone and a strong rejection to the downside is what we would need
USDJPY ready to rally again on COVID vaccine #USDJPY (1H):
The USD rally cause by the vaccine news looks like it might continue. A pennat is currently being broken to the upside, which signals that further bullish pressure is going to come.
However, we are approaching a strong resistance, as well as the 200 EMA. If we have a cross of both, my bias will change to bullish. For now i'm just watching.
UsdJpy 10 November BEARISH UJ has been on a steep rise but a retracement is possible
tight sl with tp1 at rr 1:3
could go even lower
short usdjpy
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looking to start a free group very soon
USD/JPY WEEKLY OUTLOOKI remain bearish on this pair and personally i see this spike as prime time to go short, either it was a fake break below last week. or we use the fact that fundamentally usd is in a bad way. jpy fell on oil spiking, i predict oil to revert because lockdown V2 is coming across countries despite pfizer news. im currently in a short term sell on the pair, to retrace some of the spike and see what happens.
USDJPY LONG USDJPY has being bearish for weeks , now price tested a key level at marked zone and rejected it & has closed back above another important zone.We can also see the large engulfing candle showing lots of bullish momentum on the Dollar. If not yet in the trade , wait for minor retracement , to the marked zone then jump in .If it doesnt retrace and continues bullish can look for another setup.Trade will only become invalid if price breaks back below the 104.36.
In Conclusion Usdjpy is bullish for longterm investements .
USD/JPY 1H SHORTUSD/JPY looks ready to sell off after retesting the weekly high with an inside bar breakdown.
USDJPY 9th Novembernext position for day as audusd hit our stop loss
looking to sell UJ to its support.
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USDJPY Short I noticed that price has not been this low since almost 2009, we broke past a strong level of 1 and 4 hour support headed to the downside. If we pull back above then price might have the potential to re correct that whole move back up.
USDJPY - 15m - 23/10/20 - 10amLooking for longs on USDJPY going into NY session, DXY chart looks the same and is forming a Right Shoulder atm.
Will be watching this pair closely along with DXY between 11AM - 1PM GMT on the lower timeframes for an entry should this come through.
USD/JPY DAILYDaily forecast for usd/jpy, we have started selling of on dollar weakness, we have rejected top trendline with an inside bar breakdown. look for overbought on lower timeframes to open a sell position
USDJPY corrective structure break (short opportunity)(1H):
The price here turned out to be trading in a corrective structure to the upside, which was eventually broken to the downside, following the overall trend direction.
This is a nice potential opportunity for us as we are now waiting for the retest of its previous swing low. If we get a nice bearish rejection from there, i will be entering a sell position. This would be aligned with the gold bullish bias and the overall USD devaluation
30m USD/JPY POSSIBLE ENTRYUJ looks like it wants to sell of from this price rejecting the level with a strong bear candle. price could breakdown further from here judging by the daily chart.
SHORT on 4H retest closeSell opportunity on previous low of broken rising wedge, only if 4h close will be a strong bearish candle. Target 104.41 - Stop 105.65
USDJPY - WEEKLY OUTLOOKOur educational entry for the week!
LEAVE A COMMENT ON YOUR ENTRY AND GAIN. ill be seeing who takes the best entry and % off this!
UJ has been trading tight recently, forming a strange ascending triangular formation with the Eliot Wave impulse's marked up.
We believe the bottom trendline and magic 3rd touch will mark the end of the 4th wave and ready itself for the next push up to form the 5th.
Break of previous highs confirm bullish bias.
Break of channel and fib level confirms bearish.
