Uj
UJ (Please read my comment)And because we didn't take it. Clap hands👏🏾👏🏾👏🏾👏🏾👏🏾.
The lack of alignment with my risk management and my trading plan has afforded me a lesson which cost no physical Rands only time.
********BELIEVE IN YOUR ANALYSIS********
It's been a hard week, my focus hasn't been 100% but I'm glad I did not force to trade.
How to make quick 40 pips in USDJPYSince the FED last week went from an ultra hawkish stance to a more data dependant one it is clear that US data will now become even more important and volatile for USD pairs and also for the whole market.
And thats great news! It means we can now extract pips from the market every time there are important US news like for example the ISM manufacturing data today.
If you want to participate you can enter to my group trough the link in my bio.
For the ISM report yesterday it was really easy to get 30-40 pips out of USDJPY:
1. The ISM came better than expected with 52.7 vs. 52.1 consensus.
-> go long USDJPY immediately
2. Algos drove USDJPY higher for 40 pips
3. Take profit immediately when the first impulse of the move weakens.
4. Market participants realize that the most important subcomponent of the ISM, -> prices paid <- , came much lower than expected (60.0 vs 75.0 consensus)
5. USDJPY falls all the way back again
I made easy peasy 40 pips and so can you next time.
USDJPY
USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
(THIS IDEAS VALID NEXT 48 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDJPY 4hour Analysis July 31st, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking newly bearish on UJ and it does not look like it is slowing down.
Ideally this week we see strong bearish setups rejecting our 134.000 zone. Look to target lower toward 131.000
Trade scenario 2: For us to consider UJ bullish we need to see a break back above 134.500 with a higher low above. Look to target higher toward 136.500 if this happens.
USDJPY 4hour Analysis July 25th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall UJ has been very bullish on higherframes but as of last week the 4hour timeframe is looking more bearish.
To move forward with setups we’re looking for a lower high to form below 136.500 and then we can target lower toward 134.500 area.
Trade scenario 2: For us to see UJ as more bullish again we would need to see higher lows above 136.500 with strong bullish setups.
USDJPY 4hour Analysis July 17th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still clearly super bullish on UJ and going into this week it’s not looking any different.
Ideally, we continue bullish where we will look to enter long on structure forming higher lows. Closer to 61.8% fib level the better.
Trade scenario 2: For us to consider UJ bearish we would need to see a break back below 136.500 first.
USDJPY 4hour Analysis July 10th, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is still extremely bullish on the higher timeframes but we can see that price action has been forming a range recently.
The most likely is that scenario is that the range will continue to form and price action will reverse short term around 136.600
Trade scenario 2: For us to continue bullish we would need to see a bullish break of the range with a 4hour higher low above 136.600
Keep in mind this is a high risk pair at the moment due to unsustainable rallying & lack of higher timeframe structure.
USDJPY Strong SELL ideaHi fellow traders.. Potential idea below:
USDJPY price is near strong supply zone.
Also psyche level.
Expecting price to grab liquidity here as there will be plenty of orders that need filling before a heavy sell off takes place.
Please, feel free to share your point of view, write it in the comments below, thanks >> Good Luck 😊
*Always follow your trading plan regarding entry, risk management, and trade management*
UJ (Asian Session Forecast)Price has pulled back and now reacting to 4h Demand, we could see longs from here. 15m recently broke structure to the downside which is now in conflict with HTF order flow. If price continues to break down on the 15m, I will then look for shorts, however if price switches bullish on the 15m, I will then look for longs.
CADJPYCADJPY looks ready to rise, and with oil prices creeping up from their slumber, this pair with CAD being a major exported of the black gold and JPY a big importer, we could see this pair have some volatility with the rises, nice price action on the 4h suggest to buy the pair and aim for the previous high and higher. Good luck ZenFlo
USDJPY 4hour Analysis June 27th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Still very bullish on UJ and it looks like it’s getting ready for it’s next move.
Price action recently formed a higher low above 134.000 and is showing signs of bullish conviction which could bring us to a new high.
Look for strong conviction right now to enter long. Look to target higher toward the prior high and -27% fib level.
Trade scenario 2: For us to see UJ as more bearish we first need to see a break of 134.000 with structure below.