USD/JPY Don't Miss This Trend Reversal!We see here that USD/JPY has traded in a downwards channel for more than 3 days straight. However, just before the close last week, suddenly this trend broke and we found an interesting signal of a trend reversal.
You can wait for the open first for confirmation, but if the gap is bullish then we might have seen a temporary bottom, and you can long USD/JPY until great heights.
I suggested a nice and clean 2.0 Risk-Reward trade here. But if we do find confirmation after the market opens, you could also choose the ride the trend all the way until the end.
For trend traders I suggest a stop-loss that you move along upwards every time the price makes a higher high, such that you lock in your profits.
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Japan
USD/JPY Best Buy Positions While Trading in Strong UptrendIn this technical analysis I will explain my current view on USD/JPY and why I suggest a long position. Also, I will explain what good areas are to buy it now that we are in an uptrend.
USD/JPY has been in an uptrend for almost a full week now. This means that buying is becoming more and more tricky. Remember to always try to buy low and sell high.
This means that you wouldn't want to buy at the end of an uptrend. Especially if you look at the RSI right now we see an >> overbought << RSI with a value of over 70.
This is an indicator that you shouldn't want to buy right now, but instead sell. Since I expect the uptrend to continue overall, I do suggest to enter a long position. The only thing we need to figure out is where to buy now.
If we look at the channel, we see that the price is now trading towards the top of the channel. Combined with the overbought RSI I expect that the price will retrace slightly. If it does, this creates a really nice buy opportunity.
You can wait for the price to drop towards the lower part of the channel, but also if we look at horizontal support we see a nice S/R flip that can indicate an area to buy.
After the buy, you can either hold it for a long time to trade the trend all the way to the end, or exit quicker as soon as the price is near the top of the channel again.
I suggest to leave the trade sooner than later, since the whole world and especially the US has lots of uncertainty right now.
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USDJPY - last leg of triangle wave D, target above 111.7USDJPY is following the path forecasted in our post of May 2 and it is now tracing the last leg of the intermediate triangle wave D. This leg should reach levels above 111.7, but below 118. If price crosses down 106, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
NI225 - potential of more than 15% returnsNI225 had a very small correction afgter the end of leading diagonal wave 1 and it its now tracing the eraly stages of intermediate wave 3. If this is the case, the price should continue to trend to the most probable target at 26,576. If price crosses down 20,530 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
USDJPY => Short Long where Market Move Nextwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
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GBPJPY => Short Trade Setup Predicted Shortwe appreciate your coming for taking the time to read our idea please do not forget to hit the like it's our only reward🙌
If one of our idea can help one other person , then to me, that is success. Strive to be authentic, not perfect. Share your Ideas in Comments – that’s what enables Traders to connect. And know that there is always someone listening –
=>
if You Need Trading guide, any Notes, any information about trading Feel free to message us through Trading view.
Check today analysis
___________________________________________________________________________
Before trading our ideas make your own analysis and research properly.
Forex Trading are leveraged product & can result in the loss of your entire capital.
Please ensure you fully understand the Risks involved.
>>
I’d like to close with a big thank you. Thank you for reading and for helping us to grow. But most of all thank you for being a part of our journey…
With love,
Trading Fleet Team
NTT DOCOMO INC Analysis (9437)If the market goes down to the area coloured in red , there is a higher probability that price will bounce back up from there ,especially from the two horizontal red lines and the area between them .
That's why I think the area coloured in Red respresents the optimal area to buy at for people interested in buying TSE:9437 .I think the two thick horizontal red lines and the area between them represent a strong level which represents an interesting buy area , but even there , it would be better not to enter the market with the full investment in case price drops even lower in the red area , offering a more interesting price to buy at .
The buy target would be , untill further notice ,around the green rectangle after buying from the red area .
If the price doesn't reach the red area , it would be better to just watch if this stock is strong enough to close significantly, in an upcoming day, above the green rectangle and the black line and then it would be likely to continue up to around the first blue rectangle , with a potential to reach the second , higher, blue rectangle .