UJ's wake up callUJ finally broke out of painfully long consolidation, looking for a slight pullback or flagging structure to go long.
Uj
USDJPY 4Hour Analysis March 21st, 2021USDJPY Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall this pair is extremely bullish and overextended. We can spot 2 potential long scenarios based on current price action.
Either buy off a bounce off support at 108.425 or buy after a confirmed reversal near our 38.2% fib level.
Trade scenario 2: For now we can say we are definitely due for a pullback and that lower timeframe short positions are likely for the week ahead. If we see a push below 108.425 look to short into next relevant support levels.
UJ bullish flagUJ has been in a strong uptrend for a while, as predicted in my previous idea.
The price is currently ranging in a bullish flag and we can expect to break to the upside.
Possible entries would be around the retest of that break.
Short opportunity on USDJPYHi Tradingview
Keeping it simple, as you can see we've reached the top of the channel with clear signs of rejection, NFP could be the catalyst we're looking for to fuel this trade to the downside.
Entries upon LH's, thereafter on pullback's in London - NY sessions.
All the best
USDJPY Bullish Trend ContinuationAs we all know, a couple of weeks back UJ created an "Inverted Head & Shoulders" and has broken structure to the upside creating what we currently have, a bullish trend. it has already made its new higher highs and higher lows so I'm expecting once again ANOTHER retracement into my zone drawn at the past higher high, a rejection from the zone, then a long term trend continuation at least(potentially) to resistance area 109.580.
On the other hand , this current bullish trend could be just a mere PULLBACK on the WEEKLY & MONTHLY time frame! So if market structure is broken during the retracement phase, then we can expect(potentially) price to continue down to the MOST RECENT low per the WEEKLY time frame. Support area 102.590
* This is just my personal opinion. This is not financial advise in any shape or form as I am NO financial advisor. *
USD/JPY short term ShortBearish Expanding Triangle pattern has formed. Looking to short for the time being.
Please let me know your thoughts?
USDJPY - LONG POSITION (4HR)FX:USDJPY
CONFLUENCES:
- Elliot wave 5th leg
- rejection of psychological level (105.000)
- Rejection of 71% fib level
- Targeting 106.45 psychological area
- Bullish market structure confirmed by EMA crossover
Trade Idea - sell setup on UJ [1H-tf]currently in a 2day PFH..
bright green line is a sell stop in case in doesnt want to retrace to the golden zone.
tp's are the following green line - can be good lines as well.
UJ The Resurrection 2: Da Moon StoryStrength in dollar has been increasing steadily, I'm also noticing UJ is recovering major key levels as well. More bullish sentiment is coming into play and transitioning from a bearish one.
USD/JPY DOUBLE TOP STRONG SELLHead and Shoulders on the 4HR on UJ. With DXY tanking and the dollar reacting accordingly I see this going all the way down to the Head area. It keeps breaking previous lows and every pump fails to break highs. Let me know what you guys think about this and if it will fall for a long time or is it time to watch out for a reversal.
UsdJPYUj has been bearish over the last couple of weeks but the bearish pressure has been easing
Its good to notice that the bearish momentum has broken through key levels but projecting forward I expect bullish opportunities to emerge
Please follow for more updates and technical analysis
USDJPY LONGThe price on Uj is still trading above 103 support area , we are still patiently waiting for that great move and the next resistance is 105 area . although the price is still trading around our entry from last week but we are still holding and more bullish moves is expected on this pair .
USDJPY SELL IDEADaily candle has hit 5th longterm downtrend.
Looking for Sell after candlestick reversal
USDJPY - SHORT POSITION (4HR)Confluences:
- 4HR EMA Crossover
- Rejection of 51 EMA
- ABCD Pattern Formation
- 71% Fib rejection
- 1Hr Spinning tops signalling indecision
UJ Potential ShortUJ has reached the resistance of the downwards trend channel that it has been in for the past month.
It show some very bullish price action, breaking through the resistance level quite significantly but this was promptly met with
a series of large bearish candles.
Price is now meandering around short-term support.
Will be waiting for confirmation by way of price making an engulfing break through this structure before opening a position.
The fact that price did break through and is now meandering suggests that the resistance may not be as strong anymore, so I'll also be looking for a potential break-and-retest setup for a long positon.
Continued UJ Analysis - Market Profile AnalysisTrying to gauge a good entry. Price action is confirming that 104.05 is a key price level for this pair.
