USDJPY Possible ScenarioPossible inverse head and shoulders with retest of key level, 61.8 fib level and 4H trendline
Uj
UJ Looking for next impulseBased on wave analysis. We should see UJ give a push to the upside to end this current corrective state. The next impulse should be strong but we still might make another Jab to the downside which is why I set a limit order on 50% fib and will add another position via a buy stop on the break of the recent high in case we dont get the Jab.
USDJPY - SHORT POSITION (4HR)CONFLUENCES:
- Descending Channel formation
- Breakout and retest of previous uptrend
- Shooting star and pin bar rejection from shaded area in 1HR timeframe
USDJPY 4Hour Analysis July 18th, 2021USDJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Higher timeframes still point bullish although we did see price action on the 4hour fall to key support at 110.000 where we are now consolidating.
Ideally we want to continue with the overall bullish trend as it is the most likely. Look for a significant break of resistance with higher low formations to enter on.
Look to target higher toward key resistance around 111.500
Trade scenario 2: For us to consider UJ bearish we need to see a clear break below 110.000 with a confirmed lower high.
Look to enter short on strong bearish setups after the lower high and target lower toward support near 109.150
USDJPY - SHORT POSITION (8HR)CONFLUENCES:
- New LL formed
- Breakout from the previous uptrend
- Rejection from significant weekly resistance
- Bullish structure in JXY
- rejection from 8Hr EMA
- Rejection from 71% Fib
usdjpyim going to be taking shorts on this pair in the highlighted area
clear break down and retest of the trend line
look for reversal patterns on lower time frames before entering
sl for me .90 fib
USDJPY 4Hour Analysis July 11th, 2021USDJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: UJ is overall bullish but we have seen a fairly strong 4hour bearish trend come into play here. Currently we are at key support near 110.000 and we’re looking for reversals.
Ideally we can spot a higher low above 110.000 with strong bullish setups & confirmation. Look to enter long and target higher toward key resistance levels.
Trade scenario 2: For us to consider UJ bearish we need to see a lower high below support at 110.000
Long UJ - trying to catch this momentum on USD strengthLong at 110.571, keeping an eye on how price moves .
I will exit if price action becomes bearish even before hitting my stop
uj sell ideai did go long on this pair today or yesterday maybe and i still am
but at a closer look and with the jpy index looking bullish AF
it could turn around highlighted area ill be taking profits off my longs here anyway
An idea on UJ - LongWatching price on UJ still very bullish for a potential to keep going up as JPY weakens while USD strengthens
USDJPY - LONGPrice has been trending nicely up since early May and looks to be continuing from a bounce shown
usdjpy risky longwatch for lower time price action to see if we get a reversal
im not taking this trade as the jpy index has gapped up on its last 4 h candle
but the set up is there
USDJPY 4Hour Analysis July 5th, 2021USDJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re very bullish and the trend looks like it will continue this way. We do have to keep in mind that our most key level is near 111.500.
This means that we’re looking for buys once price action starts to form higher lows above and that we will look for shorts if we can spot a reversal with lower highs below 111.500.
Trade scenario 2: For us to consider short opportunities we would need a clear reversal with plenty of confirmation. If this happens we will look to target lower toward major support levels.
usd/jpy NFPi dont really have much on this pair but i have just sold as the yen is beating most pairs at the moment and my indicators are hinting some down movement
on smaller time frames we do have a double top and if NFP brings usd weakness tomorrow this could be a really good time to get short
and get stops to entry before NFP to protect yourself
NFP is known to bring changes in direction on usd pairs
i have a eurusd idea attached bellow
trade safe
USDJPY 4Hour Analysis June 28th, 2021USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still pretty bullish on UJ but a pullback would be appropriate given the strong bullish trend we’ve recently seen.
Ideally we can spot a higher low above 110.000 and look to enter long from there. Target higher toward 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a total break of support at 110.000 with a lower high below.
USDJPY POSSIBLE LONGSWHAT I WOULD LIKE TO SEE PRICE COME BACK FOR PULLBACK H4 AND THAN ENTER M15 IBO.
USDJPY 4Hour Analysis June 21st, 2021USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re still very bullish on UJ and we recently broke key resistance at 110.000. From the current level we’re looking for reversals & higher lows to continue with the trend. Look to enter long after we confirm a higher low and target higher toward prior highs and 111.500.
Trade scenario 2: For us to consider UJ bearish we need to see a break back below 110.000 with a confirmed lower high. This would present a good short opportunity where we will look to target lower toward 109.150.
USDJPY 4Hour Analysis June 13th, 2021USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re pretty bullish on this pair and price action has been in a strong bullish channel. To continue with this trend we ideally want to see a higher low above the next major level of resistance.
Trade scenario 2: For us to consider UJ bearish we would need a bearish break of the channel. For now the first step would be to see a reversal at current resistance with a break to follow.
