Long USDJPY with Elliott WaveShort term trend for USDJPY with elliott wave
All are just forecasts, watch and refer.
I think this is the most likely option
Thanks for watch
Uj
UJI didn't place the trade but I just forecasted and let it run. This was due to having a very hectic week but either way we learned and the new week could be either slow or on fire depending on the amount of traders entering the market this week.
UJMinor Loss to wake up to, the day still has a lot of momentum we will be catching. Still in US30, which is covering our 15 pip loss.
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.
UJIf you can see it, you can but if you don't. 😂😂😂😂😂😂
I'm joking, this is a break retest and continuation in that after the candle close we will look for entries and enter all the way down.
UJI've been waiting for this break. Now we wait for the retest and we place our buy stops above the retest. Until our retest is done, we stay watching and waiting.😂😂😂🔥🔥🔥
USDJPY 4hour Analysis August 21st, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are looking very bullish on UJ again.
To continue with the bullish trend we first need to see the next higher low confirmed close to 135.000. Look to enter long and target higher toward 137.000
Trade scenario 2: If we are to consider UJ bearish we would need to see a break below 135.000 with a confirmed lower high below.
UJUSDJPY Long idea, DXY is rising and Oil is rising a massive detrimental factor to the Yen, UJ looks like it will climb here to previous high.
UJI wanted to place this trade but because we took a loss earlier, we follow our rules so we just forecasted. Sharpening the skills doesn't stop even after a loss.
UJWhy this one hurts, is only because it tagged me in even though entry was at the neckline. It's alright, we manually close and prepare for the next move.
UJJust as we are still waiting and watching, the moment is what we wanted. Those that know and trust their plans could have entered earlier, but because I have a busy day. I placed it the same way all basic traders should and follow textbook instructions.
UJI placed trades earlier here, because my day was so busy. I couldn't post the forecast I had but I longed for 57 pips and TP hit. Just waiting for more opportunities.
USDJPY 4hour Analysis August 14th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking bearish on the daily & 4hour timeframe for UJ and we’re looking to continue with that bearish trend.
Ideally price action breaks support at 133.000 and forms structure below. Look to target lower toward key support around 129.500.
Trade scenario 2: For us to consider UJ more bullish we would need to see rejection off 133.000 support right now and start pushing higher.
UJLike GJ, I'm waiting on the possible structure formation. It's not support and resistance, it's the points of interest that'll direct my next actions.
UJI'm watching and waiting till it hits the blue rectangle, how it behaves there will determine which direction we will follow the market to.
UJI'm looking at this trade and I'm hysterical because I told myself that it's going to come back so move you SL. I said this before closing my laptop, but I guess it was louder in my head then the actual action of doing it.🤣🤣🤣🤣, it's one of those that are not bad because my plan accommodated the possibility of the loss.
GJThe blue rectangle is the SL, now let it run. There are more possibilities we are waiting for but till then we wait.
usd/jpy LONGfrom what uj has shown at this resistance is that vital spikes do occur, i expect it to spike up today resulting in more consolidation and then a drop down to 130.715
UJAnother possible entry we just waiting for either the pullback or consolidation, before setting up sell stops. The blue line/rectangle is our entry point.
1. Impulsive candle down
2. Pennant
3. Awaiting 3rd confirmations before entering
UJI forgot to check it, I quickly hopped in the shower😂😂😂😂😂. The blue line was my buy limit entry and my TP hit with one candlestick.
UJIf you have practiced and back-tested, you shouldn't do too much to see where we are going.
1. Pennant
2. Correction
3. 3rd touch
4. RR is inline with trading plan
