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Forex-usdjpy

Double Top UJ | R/R 4.15 | MASSIVE 40 pip profitsOn significant resistance level - FX:USDJPY 40 pips in 4.5 hours Doji and a following Bearish hanging man - could have entered here, little riskier but better RR Also could have entered after the Bearish engulfing / completion of evening star after market has shown you were momentum is going at either entry point, very little draw down . much easier to trade with less draw down :) M double top (easier to see with the zigzag) NY DROP for 40 pips Risk Reward very nice taking it down to the next major zone No fancy indicators, just price action and market structure
by beank1
USDJPY Short, Let's try this again...Preliminary GDP Q/Q came out today under expectation a little bit, and the yen buyers were willing to put in a little bit earlier. A strong engulfing bar on 5M (17:00 UTC Bar), with sellers immediately below it, which indicates yen buying order flow (They are placing sell stop entries below that level and subsequent signal bars). There is a 3rd test to the upside on D chart, and I think it's a good short signal for the rest of the week at least- who knows- maybe into next. That price action resistance, combined with the less than positive prelim U.S. GDP numbers I think will be the start of a larger leg to the downside. There seem to be a lot of market making today, at least for a lower volume time like this, at the end of the year.
Short
by Firex8
USD/JPY strong bearish signsThanks for viewing. For what it's worth, I am just pointing out the strong bearish divergence of the price action vs RSI peaks on the hourly (4 touches forming a strong resistance trend-line) and 4 hourly (2 touches). My wave degrees are a bit of a mess but my basic count is that we are finishing up a leading diagonal / sub-wave 2 of wave 2 in the down-move. The swing high of 114.550 is the Alamo - if it gets there I will lose a bit on this trade. My larger bearish view comes mostly from the daily and the lower highs set since the 3rd of October. Let's see how things go. Protect those funds and good luck.
Short
by flyinkiwi10
USD/JPY - Long Shoot Here we go another USD/JPY good idea for the ichimuku trade,. The yen is firmer across the board as China returns and tumbles with the central bank's move to aid economy being shrugged off and the CNH dropping to the lowest levels since mid-August. This has sparked some risk-off play in markets with US indexes in the red. Similarly, Italy continues to weigh on investor sentiment and we had seen the biggest hourly drop in the yen since July As you can see it has been the biggest drop so we feel the bulls will come out now.
Long
by DanH93
USDJPY. Turning DOWN now. Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow boxes). If you're a pattern trader or pinbar trader, this might be useful here. Wait for the breakout of 4 hr. consolidation to take the trade. I usually aim for 100 pips or 80% of weekly ATR. I place my stop loss above/below consolidation. *These zones, with the inclusion of price action described above, have remarkable accuracy.
Short
by ComteSt.Germain
Bearish Cypher Harmonic Pattern (Valid on D Timeframe) - ShortValid Cypher Harmonic on Daily timeframe Daily: Bearish Engulfing Pattern formed at 0.786 fibonacci retracement at which it completed the Cypher Harmonic. Wick on Daily timeframe formed a double top and rejected at supply zone. 1 Hour: Break of trendline @ 111.426 on 30/08/2018 Retest of trendline on shorter timeframe (15min & 5min) @ 111.436 - FIRST SELL OPPORTUNITY First Take Profit (TP) target met at the 0.382 Fibonacci retracement of point C and D of harmonic pattern @110.962. Price is now reversing with bearish engulfing pattern formed at the 0.382 reversal point - SECOND SELL OPPORTUNITY Second TP target is at 0.618 fib Fibonacci retracement of point C and D of harmonic pattern @110.539.
Short
by Alex4xnco