Short-usdjpy
short in USDJPYI've seen a lot of longs in JPY but I wanted to show you guys a head and shoulders pattern that I'm seeing which would seem to indicate a trend reversal and a short. Of course it still shows a bit of indecision but it seems almost completely confirmed. I wanted to get your thoughts on this.
USD.JPY - BEARISH CYPHER SETUP - 114.316On the USD.JPY 15min chart we have a potential short opportunity at the D leg completion of bearish Cypher setup.
The price reversal zone on this pair is between 114.316 & 114.712
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 113.033
Stop loss would be placed above X leg structure resistance.
Target 1 - 113.758
Target 2 - 113.408
Bearish Bat almost completeI had previously posted this idea. I deleted it to clean it up. Thank you Omlidakt ( www.tradingview.com ) for your help with this. I have credited you below with your chart.
Things don't look so good for UJ here. Target prices (TP) are labeled.
Share your comments, argument is always welcome. Cheers
Structure Opportunity USDJPYHey Traders,
So After Getting our butts kicked with all these patterns this week, we have a Structure opportunity we can take advantage of. This is a very simple trade and one of my favorite structure set ups because it allows me to be aggressive with limited risk. We broke a level of support we are coming back up to re-test, from what we understand in the markets, previous support becomes resistance, we have a place for stops, we have targets. You can definitely wait for a candlestick formation to help confirm the trade, but when I have set ups like this with good RR, I can afford to enter more aggressively.
If you have any questions, feel free to comment below
Follow & Win; again!Those who have followed my last advice, have made a nice profit all the way up.
Now the C-wave of the correction goes all the way down. I marked 3 TP Level which are calculated by Fibonacci Ratios and my "Gann % Calculator" .
I'm looking for the TP2 and TP3 Level. If the TP2 level doesn't hold, the target will be the TP3.
Look at the related links (yellow arrows on the chart), to get a feeling of the trade you will made.
The long awaited Triangle ($USDJPY)As the picture gets more clear (I made some adjustments to my prior research (look at these)), we can see the not unusual triangle which is often formed in the 5th wave of a move. The triangle is forming in wave 'ii' and we can wait for a nice breakout down to 'iii' . Though the correction 'ii' took a lot of time to form, I assume correction 'iv' won't take that much and the move down to 'v' will make a distance less than 'i' and 'iii' . I also calculated a confluence zone, which strengthens my assumption.
First Target: 99.268
Final Target: 98.900
USDJPY SHORT OPPORTUNITY H1As you can see, there will be a correction on USDJPY should go up to the trendline and resistance level, enter with a good candlestick pattern and then price should make lower low even to the demand zone around 104.170.
Entry - 105.250
SL - 105.770 (52 pips)
TP - 104.200 (105 pips)
Good Luck !