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Uj

USDJPY - Descending Triangle - Downside ExpectedHi traders. USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back. I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the blue trend line drawn, before considering any longs. 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. Please drop a follow! I need reputation points!!
Short
by TheFinancialTRDR
1
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
by TheFinancialTRDR
3
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.
Long
by TiltonKy