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Uj

UJUPDATE 4H We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction. 1H We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to enter. 15Min That trade idea placed is very poor and not one to take, especially where UJ and NFP week are involved as high volumes of volatility can kick in whenever high demand is supplied.
Long
by Mhangwane1
USDJPYWEEKLY Previous candlestick confirmation were 2 bullish engulfing candles which gave us bullish movement. DAILY 152.100 our rejection level, even got a reversal candlestick right on it but we will wait for the next few candles. Rather an immediate breakout either up or down, we have consolidation. 4H It's just more consolidation, up and down, averages no immediate or directive. 1H Just an assumption to the upside, but it's not guaranteed. 15Min Will wait for 151.800 to be hit before doing anything
by Mhangwane1
UJWe are still holding and waiting before actually placing this order. We need more confirmation, especially that of high volatility and high impulsive energy before we are certain. Wait for the break of the current channel. Waiting for retest Enter - Those are the rules for this idea before we even enter. It looks tempting and a break of 151.200 looks like the magic price but its just a level to watch not to trade on. Always remember these forecasts / ideas / predictions are all mine not ours, not for you. This is my way of journaling and keeping record for myself and own trades, anyone that follows this advice, idea or sentiment is by your own risk and own decision.
by Mhangwane1
UJHad a beautiful setup with this last week, added entries along the way. Had a buy limit which wasn't triggered but the forecast was correct. Our aim is to be the best meteorologists out there. Current price is consolidated, which indicates that we are about to have an impulse (demand order). This will help us determine which direction we set our orders. Opening will also help give us perspective on where and what we need to look out for. But we did get a double top, so we should expect a bear run but it is not certain or guaranteed yet. If we close below 150.500 then we can start looking for entries. TRADE IDEA : wait for price first Sell Stop SL - 151.25 Entry - 150.45 TP -146.5
Short
by Mhangwane1
2
Potential turning on UJ h1?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too! The higher timeframe is still on the upside, just that pullback could be there and do take note of the tuesday rate news by BOJ Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
UJ at a flip zoneHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking at a potential double bottom to break to the upside, if that doesnt happen UJ likely gonna move lower ,waiting for h1 confirmation... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys