USDJPY one more push to the upside to 61.8%-78.6% , before going down again. We can place a short term long position with SL below 108.00
Uj
USD/JPY LONGAfter a W we are inclining in what seems to be a break through the resistance into a bullish move.
TP and SL set
USDJPY SHORT UPCOMING!!Hi fellow traders.
USDJPY over the past week has been in a strong uptrend.
It appears it may be time to see a correction, slightly towards the downside.
Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further supports the possible downside move as it approaches the overbought region.
This is just technical analysis. Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer!
Please drop a follow! I need reputation points!!
Short USDJPYI'm shorting USDJPY as i think uptrend is ending and we can see a strong resistance at 110
USDJPY Rising WedgeI see a nice rising wedge with bearish divergence (RSI) on the 1 hour timeframe. My short position is sitting at a break to the downside.
This comes at a time of mass fear in the global economy, people are rushing to the USD but now they have announced "infinite QE" and a 2 trillion dollar stimulus package, how long do we think USD will stay as a safe haven? I don't think too long..
#silver
#gold
#bitcoin
#shortthedollar
USDJPY- Short/Long- Short scalp retacement to TP around -11660
- Expecting price to reverse off trending resistance
- Long reverse position around 11660
USDJPYFrom the technical point of view this could be the final wave up with ending diagonal. Also by looking in the past when the stock is falling yen is very likely appreciate over the us dollar since yen is the safe heaven for the investor. We could see a potential drop in uj this week.
Update on: USDJPY Closer viewUSDJP looks like it has reached the base of the short shown in my revious analysis, (see link below), I see a rise now, before a further fall
UPDATE: USDJPY closer view of my Long term chartFollowing on from my Long term view, (see link below), I see movement in the internal fractal that I beleive needed to be highlighted
I think Uj just touched the bottom and is heading upI drew trend lines connecting a LARGER overall Uptrend, then it broke out to the upside so I thought it was over. BUT It just came back down in and touched that spot like it never left that channel at all. Touched and now is heading up so it looked impresive, Like you could buy it for days. But I'm kinda new so check it out yourself. Happy ZEN Trading!
usdjpyexpecting further drop on #USDJPY, we most likely resuming to the down side trend, enjoy the ride,
pls like and share, to help other protect their capital, and to prove to the world! we are as retail traders we can be successful if we have the correct mindset
pls be aware trading is risky use proper risk/trade management and investigate properly before taking any trades...
this idea is prepared and forecasted by Ali Dib @thecharttrader
DollarYen. Long Idea. Hey Tradingview.
It has been a while again since i was able to express a trading idea to the platform.
I am bringing you a massive DollarYen Long idea. That seem to produce a massive run along elections.
Well it is that time of the year again. Our previous president election. Sent the dollar soaring in strength during the election of President Donald Trump. I am anticipating a repeat of this price action. With the fundamentally alignment of the previous act. It is likely we are to anticipate something similar.
As i push for clean and clear charts. There are no coordinates of a trade yet. But will be updated as we get closer.
This trade is a Macro Idea. Allowing those time to see the trade for themselves.
I will update this brief analysis. As time goes on.
Technical- Massive Bull Pennet. Within a bigger Head and Shoulders.
Stay Frosty.
ActivMGMT.
uj looking for sell The University of Michigan released preliminary figures for January consumer sentiment showing consumers remain upbeat about the state of the economy. USDJPY rose as the headline figure crossed the wires at 100.9, beating expectations of 99.5 and rising over last months read.
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usdjpy
sell after correction
It was an uncertain beginning of the week for the commodity currencies. In the meanwhile, how have the Asian currencies done?
For the Japanese Yen
There has been little influence from the economic calendar, with stats limited to current account figures that failed to move the dial.
The lack of stats left the Yen in the hands of the news wires that dictated market risk sentiment in the week.
We see the Yen set for a surge should there be a marked pickup in new coronavirus infections and increases in the mortality rate.
