USDJPY 4hour Analysis October 2nd, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still overall bullish on UJ but we are currently consolidating near 145.000 resistance.
The most likely scenario is a break of 145.000 with a bullish continuation.
Trade scenario 2: If UJ reverses at 145.000 and breaks lower, look to enter on lower highs and target down toward 142.850.
Uj
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.
USDJPY 4hour Analysis September 18th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still unbelievably bullish on UJ but price action does seem to be slowing down since we hit 145.000.
The most likely scenario is price action continuing bullish and rallying back into 145.000. Look for a break above 145.000 to continue higher.
Trade scenario 2: For us to look at UJ more bearish we would need to see the rejection from 145.000 follow through.
This would mean price action breaks lower now and starts forming lower highs. Look to target lower toward 140.000.
UJUJ makes an inside bar after the bullish DXY move since CPI data, with Yen continuing to weaken in this never ending downhill slope, we could look at UJ as a potentially great long set up as the dollar continues to make gains with the anticipated rate hikes ahead of us. Inside bars generally occur in imbalanced moves and are a good sign of momentum in price.
USDJPY 4hour Analysis September 11th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is overall bullish and is still far away from being considered bearish.
The most likely move is a continuation at confluence near our 38.2% fib level & 140.000 zone.
Look to target higher toward 0% & our -27%.
Trade scenario 2: For us to start looking at UJ more bearishly we would need to see a break below our 140.000 with very convincing structure below.
USDJPY 4hour Analysis September 5th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking bullish overall and we’re currently seeing no signs of slowing down.
The most likely scenario is that we continue bullish without structure. It looks like at most we may see a higher low near 139.000 before continuing higher.
Trade scenario 2: For us to even think about looking for shorts on UJ we need to see a significant break below 137.000 with a lower high below.
Can UJ continue his uptrend?UJ has been bullish for a very long time. On the htf we broke a previous high so a pullback is needed for some healthy marked conditions. My analsysis for UJ is that we could short within a few days to previous demand. When reached the demand zone we need to wait for an internal break of structure so we can continue the uptrend
UJPart of the new scalping strategy I'm testing. If it is inline with your trading plan then go for it but if not DO NOT DO IT. Plus overnight brokers are not the friendliest for South African traders.
SEE YOURSELF AS A HEDGEFUND MANAGER, THE SENIOR MANAGER HANDLING A FUND OF $10M/ R150M. Treat all accounts like that, the way you behave, the way your forecast and analyze, the way your set out goals (entry and exit points) and even what you feed your mind.