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Uj

USDJPY 4hour Analysis October 30th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish going into this week. UJ is performing exactly how we want it to after the recent bearish volume we’ve seen. Price action is currently respecting 145.000 support and could be setting up for a nice long opportunity soon. Going into this week look for further bullish rejection off of our 145.000 support zone and look to target higher toward 150.000 resistance. Trade scenario 2: For us to see UJ as more of a bearish chart we need to see key support at 145.000 broken. If we see this look for lower highs below to confirm the bearish trend.
Long
by ForexLeague
1
UJ⚠️⚠️⚠️⚠️⚠️THESE WERE SET UP ALREADY BUT STILL NOT THE BEST OF IDEAS⚠️⚠️⚠️⚠️⚠️ Being that I am not mentally 100%, I do not recommend following. Due to the risk involved, rather than having 3-5 confluences there were only 2. Which is against my trading plan, so whatever happens I cannot be surprised. It is a teaching moment, I believe the market will breakout heavily but also my patience lacks (ANOTHER REASON NOT TO TAKE TRADES). Which is reason to close my laptop but this is where I find my sanity, so I'll wait for exit points to get hit. Then I'll open charts on Sunday again.
by Mhangwane1
USDJPY 4hour Analysis October 23rd, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Last week we saw a huge drop on UJ but it is still bullish, that’s how bullish overall we have been on higher timeframes. Ideally, we would love to see some consolidation to get a clearer look at price action but all we have is volume so scenarios are scarce. The most likely scenario is price action surging back to 150.000 with consolidation following. Trade scenario 2: If we are to consider another scenario we would look for price action to fall lower with consolidation closer to our 145.000 support level.
Long
by ForexLeague
1
USDJPY 4hour Analysis October 16th, 2022USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: No surprise that UJ is looking extremely bullish again this week. We’re far from an entry any way you cut it but ideally price action rejects at current resistance (149.000) and starts heading lower to form structure. If we see price action move similarly to the blue trade scenario then we will have a great entry opportunity. Anything else I'm not currently interested in. Trade scenario 2: The other likely scenario is that UJ does not reject at resistance but instead breaks above our 149.000 zone. We will have to re-analyze and come up with new scenarios if that happens.
Long
by ForexLeague
USDJPY 4hour Analysis October 9th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still bullish on UJ and it looks like we will continue with this trend through the week. Ideally, price action forms a higher low near 145.000 support with strong bullish variations to follow. Look to target higher toward our -27% fib level. Trade scenario 2: For us to consider UJ bearish again the first move we need to see is a break back below 145.000 support.
Long
by ForexLeague
USDJPY 4hour Analysis September 25th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking bullish on UJ as we approach major resistance around 145.000. If we are to consider trades we need to see a significant higher low above 142.850 then we can target higher. If not, we will have to wait for reactions around 145.000 Trade scenario 2: For us to consider UJ ready for shorts we would need to see a lower high below 142.850 support. Look to target lower toward 140.000 support.
Long
by ForexLeague
2