USDJPY CURRENTLY IN A BIT DRAWDOWN
SL IS 20 PIPS REWARD IS LIKE 70-100 PIPS
WE WILL SEE HOW WE WILL DO ON THIS TRADE!
D-uj
UJ SHORT - DAILY HIGHBUY-HI / SELL-LO
You already know what the fuck going on. I aint explaining shit. Dont need to. I just wanna see the before and after lol.
Hope you guys have a great trading week!
Much love,
D
KING Wealth Selling USDJPY Technically At supply zone
Very tough resistances
a break in trendline on daily chart will confirm a short 50 pips should be your target atleast
USDJPY SHORT SET UPHi guys, heres a short set up on UJ.
As you can see, price is respecting the 111.40-111.50 level. This level has held firm in the past as a previous resistance and it is also matching up with my fibonacci reversal level of 78%. Not only have we got these the 2 confirmations, our trendline is matching up nicely with the prospect of a third bounce, which I believe to be the highest probability of a continuation of the trend.
Price has began to consolidate at this level and we have seen a number of 4h and 1h wick rejections of 111.30, however a break and close below the box and this level would give me a good confirmation that price may be set to continue to the downside and a short entry will executed.
In terms of my target on the trade, id be looking at the monthly support at 110.00, a 130 pip short trade set up.
My bias on the pair is short over the coming week, however a higher time frame break of the 111.50 level will invalidate this set up and I would take a back seat on this pair.
Just an idea.
Long Position - 1hr Interval - UJConsidering the current resistance levels at (110.960-111.000), as well as the previous bearish candle being engulfed by a bullish candle. Representing that there is a great entry position (Bull). At around the 110.975 price range. Be diligent and consider the rules to your plan.
Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Trading Plan).
-LionGate
UJ Go with the Trend UPThere is a good probability for UJ to go UP and continue the trend from January!
At least 3 signs...
Fake Breakout
Bollinger...
Wicks not closing under line
Bullish Trend Broken! Where will UJ go next?With the impending US economic bust that is about to happen when the Dollar bursts (based upon the DXY and US30), I'm bearish on UJ for this week.
I see it continuing in an Elliot wave pattern to retest its low point from early last week. I want to see if price respects that low point or breaks below it for the continuation.
USDJPYDIDNT POST THIS ONE...
BUT ITS LOOKING GOOD :)
TARGET 1 IS GETTING CLOSE.
TARGET 2 AND TARGET 3 AWAITS!
USDJPY - SHORT - AB=CD PATTERNAB=CD PATTERN
TARGET BASED ON 382 AND 618
WILL ENTER AT THE BREAK OF THE SUPPORT LINE OF THE RISING CHANNEL
USDJPY / SHORT / SWING
USDJPY / SHORT / SWING
- higher time frame analysis
- Daily Pattern
- EMA's as confluence
UJ Quick +25 pip ShortQuick, Simple, Analysis based on price behavior I've seen over and over and over.
DXY Directional bias is bearish but we could expect a bullish Legg upwards, however I've learned Trends usually tend to keep trending in their direction until major support. So I would say chances are bigger UJ will dump since we went up a lot and DXY bias is still bearish for now.
