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USDJPY Short Opportunity around 109.20...6:1 Return PossibilityUse your best judgement. Don't copy my entries and stops, they change as market the changes. In my posts, I do try to give the most precision as I possibly can though. There is a lot going on here. The USDJPY is looking very strong from a bearish perspective. We have a potential 30-Day Bullish Bat in development. But inside of that we are in possibly wave 4 (pullback) of a Bearish Elliott 5-Wave cycle. The 5 waves would be completing at a .618 of a 4HR swing high to low which I like for a buy opportunity. but we aren't even at that stage yet. But for the Short Opportunity I LOVE this. We have broken a mini bullish channel, (1hr) This looks like a pull back before we continue to wave 5. I went onto the 15-Minute chart and also saw a Bearish Butterfly developing. The butterfly will be completing right at a level of previous support, It will also be the same measurement of wave 2, it will also complete as wave 4 retraces .618 from wave 2. I'm loving this set up, I will be watching the 15 minute time frame for a sell signal to ride down to wave 5. Enjoy! Also, It looks like the rest of the day is going to continue up another 20 pips or so, the entry might come around the close of the day, or Sunday night when the market opens . I'd advise entering on Sunday. So the brokers don't bend you over and take your money over the weekend lol.
Short
by elevatedinvestor
USD/JPY daily overviewDuring Monday morning hours, the currency exchange rate was resisted by the 200-hour simple moving average to stay at the 108.15 mark. In regards to the near-term future, most likely, the rate will be trading sideways between the monthly S1 at 108.17 and the weekly S1 at 107.86. The resistance levels of the monthly S1 and the 55-hour simple moving average will not let the US Dollar to appreciate against the Japanese Yen during the trading session on Monday.
by UnknownUnicorn890690
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=113.7. TP4: S2=113.5. Set the stoploss of these orders at breakout of R2=114.2. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=114.2. In this situation, there is an expectation to reach the target R3=114.75. Set the stoploss of reverse orders at breakout of R1=114.1. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
4
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=113.7. TP4: S2=113.5. Set the stoploss of these orders at breakout of R2=114.2. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=114.2. In this situation, there is an expectation to reach the target R3=114.75. Set the stoploss of reverse orders at breakout of R1=114.1. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
18
There is a possibility for the beginning of an uptrend in BCHUSDMidterm forecast: While the price is above the support 190.10, resumption of uptrend is expected. We make sure when the resistance at 637.00 breaks. If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the trough at 405.45 on 2018-09-12, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased. The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased. The RSI resistance #2 at 60 is broken, so the probability of resumption of uptrend is increased. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 78. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (400.0 to 279.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (400.0) Ending of entry zone (279.0) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @497.75 TP2= @637.00 TP3= @748.60 TP4= @832.10 TP5= @945.70 TP6= @1148.10 TP7= @1292.20 TP8= @1610.45 TP9= @1773.75 TP10= @1986.65 TP11= @2890.00 TP12= @4088.05 TP13= Free
BLong
by ForecastCity
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.55. TP4: R2=112.9. Set the stoploss of these orders at breakout of S2=112. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112. In this situation, there is an expectation to reach the target S3=111.4. Set the stoploss of reverse orders at breakout of S1=112.15. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.55. TP4: R2=112.9. Set the stoploss of these orders at breakout of S2=112. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112. In this situation, there is an expectation to reach the target S3=111.4. Set the stoploss of reverse orders at breakout of S1=112.15. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
9
USD/JPY Long Setup USD/JPY couldn't break the monthly support of 112.02 convincingly, hence a reversal in momentum following the rejection of this level. Price structure has been broken as the consolidation zone and both the EMAs have been taken out as the previous candlestick has closed above on the H4, enticing a strong bullish move. The 61.8 fibonacci retracement has been fulfilled on the daily timeframe which suggests that this pair can now continue to the upside once again. The previous bearish move was a well due correction and now we can see this pair fly back to 114.00 and beyond. 165 pips target with a 80 pips stop loss.
Long
by Shivam_93
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.8. TP4: R2=113.25. Set the stoploss of these orders at breakout of S2=112.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.1. In this situation, there is an expectation to reach the target S3=111.45. Set the stoploss of reverse orders at breakout of S1=112.3. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.8. TP4: R2=113.25. Set the stoploss of these orders at breakout of S2=112.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.1. In this situation, there is an expectation to reach the target S3=111.45. Set the stoploss of reverse orders at breakout of S1=112.3. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=112.8. TP4: S2=112.45. Set the stoploss of these orders at breakout of R2=113.55. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=113.55. In this situation, there is an expectation to reach the target R3=114.2. Set the stoploss of reverse orders at breakout of R1=113.35. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Short
by ForecastCity