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Udsjpy

USDJPY Held Resisted on Several Intraday LevelsKey details labelled via Signposts on chart. Price is resisted below the 103.82 level. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Short
by FinancialGamblR
POTENTIONAL BEARISH SHARK PATTERN USD/JPY ON 1H CHARTHello traders,as we look USD/JPY on 1H chart(attached below the daily analysis on USD/JPY) we can see a possible bearish shark pattern as we go reach the red zone of resistance. We may have a better entry for better P/L ratio trade if price makes a spike with a false breakout above the trend line into the red zone where we have the D completion point. TECHNICALLY We can see the downtrnd 200EMA which encourages us to take the short trade. Currently price is trying to go above the descending trend line. Maybe it does but for a while as we have already RSI divergence and Stochastic at oversold levels. POSSIBLE TRADE FIRST TARGET T1 WITH 1,40 P/L RATIO AT 111,215 SECOND TARGET T2 WITH 2,10 P/L RATIO AT 110,955 BUY STOP AT 112,150 THANKS FOR SUPPORT! HAPPY TRADING!
Short
by The_Greek_Trader
USD/JPY H4 - Possible long setup - ABCD patternAn ABCD pattern is in formation, a bullish divergence and bullish pin bar are present inside PRZ, so it could be a good idea to look for a long position, however the PRZ is wide (+150 pips), still there is a possibility that the price push down a little bit more. So, my options: 1) Buy limit at 109.64 / SL = 109.29 2) Wait for a reversal bar pattern around 108.99 (127.2% of the extension) where SL will be 3 or 4 pips outside the PRZ (108.01) I’m more into second option, but H1 chart can help to make a better decision.
Long
by X5