Japan
USD JPY * BUY SETUPHere we are waiting when trend will end flat and only after we will open long position for our 60 pips...
I hope its will work!
Check my another Ideas here: goo.gl
Good luck!
Japan 225 Ascending Triangle short opportunity Good opportunity to short this, ascending triangle about to be completed. All targets and entry price indicated on the chart itself. Happy trading.
USDJPY daily possible buySo, all else being equal, and based on past behaviour, we could have a buy next week for USDJPY. Remember the US stock market correlation with USDJPY and that we'll have some important data (Japan GDP, nonfarm payrolls etc...). Good luck!
USDJPY Short TheoryAfter today's inability to successfully break previous highs, we are now on the path again for the 111s! Good news for us shorting UJ before going long and continuing the bullish trend!
Only current issue I see is that on the 1H time frame we have crossed EMA 150/300 which would suggest a bullish move, however, we have not crossed on higher time frames which would be more reliable information.
Look for UJ to hit 111.166 (full extension) to 109.931 (50% retracement from election spike) area before reversing and heading north to re-test the 118s (hoping for 120+!)
Currently short on UJ and have pending long entry at the 111.166 (which I might adjust lower later depending on market conditions)
Confluences for my ideas posted on chart (messy Im sure :P)
EURJPY sellEURJPY met 50% fibo retracement (Price Reversal Zone) before the market
was closed last week and at the same time Retested broken trendline
after looooong time lasting consolidation.
Looking for positions to sell that pair. Keep eyes on it!
Good luck with trading this week guys.
And don't forget to trade with proper RM/MM and caution.
USDJPY Cycle completion?Looks like we may have completed or are about to complete a cycle. Short until the next great buying levels.
GBPJPY shortGBPJPY struggling again on 61.8 fibo PRZ
There is big potential now to enter short on GBPJPY.
We also see strong resistance and trendline
Waiting for confirmation on lower timeframes to enter short.
Don't forget to trade with proper RM/MM and caution.
Good luck guys.
USDJPY - A little rough, but a short before hitting the long!Although these last few trading days of UJ have been a bit turbulent to say the least (especially for those of us currently short) there is a little light at the end of the tunnel - this is for sure a counter trend trade, so I wouldnt really be looking to short, if I hadnt already jumped in it ;)
We are currently (as of Sunday evening) sitting at the 61.8% retracement from the last lower high to lower low. Assuming we now have a clear rejection from the 114.147 area, full extension has us at 110.362 - for those IN a short now, Id suggest setting TP at previous lows to ensure profit is hit before the turn around... (111.700s) for those that got short earlier this evening at 114.147, I would suggest placing TP at the full extension as you have less risk at that point (trailing your SL a bit)
Once we hit that full extension area, or right below it at the 50% retracement from election jump - I would suggest going long as we will continue bullish at that point as planned. (given that we are in a bullish market on UJ and have no reason to currently believe otherwise.
Happy trading and good luck!
USDJPY Short Term Support BrokenAfter breaking out of because of the "Trump Tax Plan" news, FX:USDJPY failed to follow up the bullish momentum and broke not just the 50ma but also the support level at 113.50.
Short Entry: 113.494
SL: 113.6
TP: 113(possible the price will bounce off the 200ma)-112.470
Any feedbacks are appreciated
USDJPY consolidating at the lows and looking bullishThe dollar looks to be looking bullish. We have already began to pick up, and could continue, however, we may get one final dip before we are ready to go.
USDJPY. Don't Try To Catch The Falling PianoThe consolidation described in the previous post completed.
The target for this drop is located withing the Y108-110 range
(50% Fibonacci / c=a / downside of the trendline)
and highlighted in green rectangle.
USDJPY. Updated count. Another drop is possible.The main thing - the break below 112.57 (low 18JAN2017) invalidated the previous count.
I think we are in abc (blue) correction before another drop down.
The blue C can surpass the top of blue A.
The break below white support line would confirm the start of another drop down.
Targets are between 38.2% (111.99) and 50% (109.93) Fibonacci retracement levels.
Beautiful breakout higherAfter a strong impuls higher we have been in a corrective trend lower, and from a strong support area, we broke this important trendline higher. I am expecting further upside in the coming weeks.
I am long since 2220 with a tight stop at 2198. Targeting 2420 and 2620.
Buying dips in this stock should be a solid play in coming weeks.
Blessings to you all.
GBPJPY LONG GBPJPY looks to continue strong uptrend after breaking downtrend. considering exit long at 146, or hold until 148.3
