UJThis is so beautiful🤩🤩🤩🤩. It's Textbook, this is as close as perfect copy and paste you'll see when learning. Impulse down, a bit of correction, impulse down, retrace and continuation.
Uj
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.
UJUSDJPY Head and shoulders, wait for price to break neckline and POC and aim for the lower fair value range. Oil price falling is rising the yen, UJ looks likely to reverse here so we should anticipate this move and trade it if it shows itself.
UJ LongLooking at UJ continuation buys this week, just waiting for price to pull back to the market structure for a possible entry from there.
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 Breakout Sell At H4In timeframe H4 there is a breakout and a big movement. So I looked for an opportunity to sell at a pullback which the zone is (136.66 - 136.259).
This is just an idea and NOT A SIGNAL. Give a like if you like this idea.
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*
USDJPY SHORTDollar is weak at London open today with recession and growth fears. JPY is strong. UJ is expected to mitigate the highlighted H4 OB before dropping
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.
USD/JPY SELLStart off the Week with a Short UJ Setup - Targets @ 134.300 - SM 90/10 (up to 130.500) - Max RR 1:1.5
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.
UJ Buy Idea 20220619As market closed on Friday there was a B&R of the 78.60% area of Coach Max's FIBs. So I'm waiting for market open to see if there is a completed retest of that area for the buy.
Otherwise I am looking for a retest of the previous 4H liquidity zone that price previously broke through and continue bullish.
20220619UJ
USDJPY 4hour Analysis June 19th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Aside from being clearly bullish we are staring at one ugly chart.
UJ recently dipped to our 38.2% fib level and rallied immediately back above our 134.000 zone.
From here we want to see strong higher lows and candlestick setups hinting at a continuation.
Look to target toward our -27% fib level
Trade scenario 2: For us to consider UJ bearish on this timeframe we need to see a break back below 134.000 support with structure in the form of a lower high below.
USDJPY 4hour Analysis June 12th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is extremely bullish and is currently resting at our 134.000 resistance zone.
We ideally want to see more normal structure before taking a trade but the likely scenario for this week is looking like price action will just continue bullish.
Trade scenario 2: For us to consider UJ bearish we would need to see a sharp reversal from 134.000 resistance with strong bearish setups to follow.
Look to target lower toward 131.000 support.
USDJPY 4hour Analysis June 5th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: All timeframes are back to bullish on UJ as we saw a massive rally last week up to our 131.000 resistance level.
Ideally, we can spot a reversal here and ride price action to lower support levels.
The problem with UJ at the moment is that the daily timeframe is beyond overextended.
We desperately need structure formation for the daily which is all the way down near 125.000 support… a long way away.
Trade scenario 2: I wouldn’t recommend any long scenarios until we spot daily structure.
USDJPY - SHORT POSITIONLooking for short on USDJPY with details below
ENTRY : 130.1 - 130.35
SL : 130.7
TP : 129.85 (1), 129,5 (2), 129.1 (3)
USDJPY 4hour Analysis May 30th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish now on UJ but we are currently waiting for reactions around our 127.500 zone.
If we are to continue bearish we need to see a significant lower high below 127.500
Trade scenario 2: For us to consider UJ bullish on the 4hour timeframe we need to see a higher low above 127.500 with good candlestick setups to follow.
USDJPY BuyShort term fall back to upward trendline channel and then buy up to previous level of support now turned potential resistance
USDJPY 1hour Analysis May 22nd, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: UJ has been bearish on the 4hour lately but we are currently resting at 127.750 support.
We are also consolidating quite a bit so we are going to wait for a clear break before entering in any trades.
Ideally we continue bearish and can spot a lower high below 127.750 to enter short on.
Trade scenario 2: For us to consider UJ bullish we need to see a bullish break of the range with structure above.
USDJPY 4hour Analysis May 15th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: On the higher time frames UJ is still very bullish while the 4hour is newly bearish.
We saw this 4hour trend change once the support of the prior range near 129.600 was broken. From here we’re looking for lower highs and structure to continue bearish for confident short positions.
Trade scenario 2: For us to consider UJ bullish again we ideally need to see a break back into the range. Look for higher lows above the range for confident long positions.
UJ long termUsdjpy is currently in a consolidation phase following the tremendous uptrend that brought it to the 20 year high of 131.38. In the early months of 2002 it reached the 135.00 landmark which is the next resistance should the consolidation be broken towards the upside. Should that be broken too the all time high of 147 would be the next and last resistance.
The BOJ Kuroda did mention that the 130.00 landmark was the line in the sand however that has not changed anything in the price action as the interest rates are still the same.
The current range is between 131.38 and 127.00.
What do you guys think will happen with the japanese yen?
