Dollaryen
DXY#DXY update this is probably why a pull back in markets r happening today I think down we go 1st which should give another solid push up b4 the dollar pumps again
*Idea Taken From Raoul Pal* - Confirmed by Huge Inv. H&SRaoul Pal has been a screaming dollar bull since I've been following him, and his methodology and process are so logical. Global dollar shortage is fuelling the dollar strength and USDJPY appears to be in a staggering inverse H&S that has been in play since... the start of the Millenium. I'm already short EUR, GBP, and AUD vs. the Dollar, but looking to add JPY now. Focused on a break of the daily trend line at 110.00 and then resistance at 125.00. From here, 150-180.00 isn't too far away.
USDJPY - Descending Triangle - Downside ExpectedHi traders.
USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back.
I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the blue trend line drawn, before considering any longs.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!
USDJPY SHORT UPCOMING!!Hi fellow traders.
USDJPY over the past week has been in a strong uptrend.
It appears it may be time to see a correction, slightly towards the downside.
Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further supports the possible downside move as it approaches the overbought region.
This is just technical analysis. Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
U.S. Dollar Risk Range Long Bias - 13:06:19 (UTC) Tue Apr 7, 202
Previous Close: 100.75
Upward Bound: 101.77
Lower Bound: 80.07
USDJPY Shorting Next Week!USDJPY Shorting Next Week!
Comment if you have a different idea on this pair!
USDJPY 200 pip down!!USDJPY 30 min. Major and minor trendline. Break of minor trendline and re test of key area also matching up with the 61.8 fib level. Looking for a move downwards to test the major trend line again. Okay risk reward with 1:2.
I like this set up a lot but corona virus scares could whip us out. Stay safe 1% risk max.
USDJPY ShortPrice action on this pair has been very corrective on the 1Hr timeframe as we approach a key level of 112.00.
This also correlated with the Daily timeframe as we approach the 112.00 level which has not been successfully broken for 12 months or so.
In my opinion, price could push higher before a heavy bearish movement. However if price does not push higher and we break the wedge, shorts could be valid.
USDJPY Sell LimitDollar-Yen has been able to break the trend line, now waiting to retest and continue its downtrend. Good Luck
USDJPY Long. Price at Support.Maybe I'm being a little optimistic but just keeping it simple and trading the plan. Price is at strong weekly support forming a Higher-High/Higher-Low structure. T/P 1 is resistance 1 and T/P 2 is resistance 2.
USDJPY Daily Bearish Engulfing a Sign to Short + Elliot Wave5 Elliot waves to upside... Daily Bearish engulfing a signal to short.... Elliot wave A,B,C Correction??
USDJPY BuyMY SETUP ON THIS PAIR IS :
USDJPY Buy at 109.66
Stop Loss at 109.40
Target profit at 110.20
Good Luck guys!!
USD JPY shortShort set up -
Supply zone has multiple indecision candles - The demand zone needs retesting
Worth noting - two supply zones on top of each other
one a 4 hour
second a daily
USDJPY clear rejection at trendlineOur USDJPY has shown clear rejection @ 110. So far favor our bearish speculation as mention here
We will wait clear structure to add more entry in the future.
Thanks for reading and good luck !
USDJPY Selli Hi Traders,
Dollar-Yen is on a strong resistance and it has bounced off the resistance, its good indicator that the market is going to sell from the current level, you preferably you may wait to retest again the respected level of structure and watch a price action there if the market again respects that level its great chance to shorten this pair next week:
Here is my setup:
USDJPY Sell at 109.65
Stop Level at 110.15
Target Level at 108.50
Good Luck guys ;)
USDJPY on 4hrs(Sell)UsdJpy is seen retracting on resistance line for a good sell back to supports(108.500)(Pink rectangular shade) or more(Thick grey line), So as long as resistance(yellow rectangular shade) isnt broken then sell! or wait for a breakouts @109.300 then sell! Please comment and share your ideas on this particular pair too. thanks!
USD/JPY Short Term Weak Buy SignalAs you know, USD/JPY had a thriving week for the bears. We believe it is time to have a short term correction. Having said that, you should not be putting a lot to risk as bears still look powerful. However, we share it since we see a good opportunity risk/reward-wise.
Follow to hear more.
Entry: 108.00
Stop: 107.7
Target: 109.25
Have a nice week!
USDJPY Long BuyHi Traders,
Dollar- Yen is on an uptrend, but for the 4hr chart, it is going on this a horizontal line in which if the market is able to retest and retrace we may go long /Buy with two targets::
Here is the setup
USDJPY Buy at 108.450
Stop Loss at 108.130
Target 1 at 109.280
Target 2 at 109.610
Good Luck
