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Forex-usdjpy

USD/JPY AUg 2018 (A massive downside potential is spotted)This will be my views of USD/JPY (Aug 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Short
by SonicDeejay
1
strugle of MPP 110.769 AgainAlthough we can see a return to the horizon which attacked a few days ago overall, UJ is no exception. Also, unlike the previous contact at 6/15, it is stopped cleanly. On the other hand, when considering that the wall of the limit order is thin due to overshooting of double zero 110.000 over two times, It seems to be becoming short-term advantage. 1) It was confirmed that MPP 110.769 functioned as resistance. Aim for a short, try a double zero 110.000 penetration. However, if it is determined that 110.000 penetration has failed, the position is handled. 2) price penetrated above MPP 110.769. If MPP can be confirmed as a support line, consider a long targeting around 110.5 which is before the weekly trend line. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
1
Strong uptrend backed by strong fundamentalsUSD has been strongly favored in this pair. Rate increase paired with strong economics for US while weak data from Japan seem to back the current uptrend. Fib level seemed to act as resistance lately and have been pierced on several occasion which leads me to believe it could be more of a support at this point. Not to mention it's slightly below 110 which should be a strong psychological support. We're not so far off from the Fib level but it would still be prudent to wait for the price to come down a bit before going long Entry: 110.05 SL: 109.65 TP1: 110.85 TP2: 111.25
Long
by louiskiyay
2
USDJPY How to TradeThe price bounced from a support zone formed by SMA50, SMA100 and 108.00 support level. RSI confirms the price reversal in the oversold zone. MACD histogram supports further upward movement. We could buy above 110.00 level but the weekly timeframe looks bearish - RSI reversed not far from the overbought zone and MACD histogram supports the downward movement. Also we got the price reversal from the weekly downtrend line. For buying it's better to wait for a breakout above this line. If we look at the daily timeframe, we can see a bearish divergence and MACD lines which support the downward movement. We can open short trades based on a breakout below the support zone. Stop orders for short trades must be placed above the local swing high. The main profit target should be at 105.00 support level.
by DLavrov
7
'A' Up Trade with Monthly Pivot Support - PrudenceThe Japanese Yen has a convincing level of support with the Monthly Pivot Range high inline with the Daily Pivot Range. Juxtaposed to this support level is the 'A' up line which is our level of confirmation which will give us the green light to go long the market. The rule in this setup is to place the stop loss on the opposite side of the Opening Range, which in this case is the Opening Range low (set of white dots). The action to take is to place a buy order to enter the market long if the market trades at or above the ‘A’ up line for 15 consecutive minutes or longer. This will confirm the market wants to move higher. Use your short term or 1-5 minute charts to verify the time requirement. Place the stop loss at the Opening Range low and the profit targets stated below. Entry Price: 108.807 Stop Loss: 108.530 Profit Targets: First profit target 109.240. Second profit target 109.340. Once first profit target is reached, bring stop loss to breakeven (entry level).
Long
by chris333
USDJPY - Bullish bias off of key support areaIn the USDJPY pair price has reached a critical support area and I am not watching for any sort of price action candlestick or pattern to get long. Price has been in a strong bullish trend for the last few weeks and while price has pulled back quite a bit since last week the bullish bias is still intact. Prudent price action traders will be watching for any sort of long signals to buy into the overall bullish trend. If price were to break below this key level and hold I may switch to a more bearish bias and begin looking for bearish price action from levels of resistance. Although that has not happened yet and I am still looking and bullish price action setups.
Long
by krugman87
USDJPY Buy OpportunityThe price moved above the cloud and now it's going to break 110.00 resistance level. DMI confirms trend market conditions and the strength of the movement. It gives us a buy opportunity and 2 possible entry levels. We can open long trades based on a breakout above 110.00 level. Stop orders can be placed below the previous swing lows or below 108.00 support level which is the better variant. If the market bounces from the resistance level and moves lower, it can give us a new buy signal based on a price reversal from the support zone. This zone is formed by Kijun line, 108.00 support level and the cloud. The entry level should be above the high of a bullish candle confirming the price reversal. Stop orders for such trades must be placed below local swing lows or the cloud. Profit targets for all long trades should be at the resistance levels.
Long
by DLavrov
12