USD/JPY, Trading Plan. Open Sell near key level 113.00
Price made of fake broke of key level 113.10
Goal 112.18
Uj
USDJPY SHORTI am short this pair. Looking to take down to 110.600 support for my first target then down to 108.565 for my second target this week. Lets see how next week plays out.
USDJPYwe have some major bearish divergence that's been holding pretty nicely and a big engulfing bearish candle to confirm it
USDJPY short (re-entry from last week)Hey folks,
Our last week trade closed at breakeven, here is the best re-entry point that we can get
Watch the full market overview on my youtube channel
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UJ going for the bullish push!!Broken structure to the upside on 4hr timeframe... retest to the 38.2 Fibonacci price reversal zone level... nice sellers exhaustion wicks forming on the 4hr with a nice bullish engulfing candle forming
UJ Potential ShortLooking at a bearish Cypher forming on UJ. I'll be looking to take this trade when if it develops further. Keeping an eye on it for now.
SELL UJ SOON Possible outcome for UJ. Price is looking to make a double top and could extend to retest 114.500s
If not, price should fall anytime back toward 112.000s
Wait for confirmations either way.
Pay attention to the wicks on key areas like support and resistance.
Longer term: I believe UJ DOWN
Best of luck!
Double Top on UJ? Price could be looking to create a double top.
Sell the resistance.
Sell the breakout of the support near 112.000
AB = CD
Best of luck!
USD JPY SHORTSUJ seems like its making a bull trap here
its a risky trade to enter but RR is good here so its a short IMO
look for confirmation on lower time frame for entry
UJ Breaks major trendline as predicted! Check my previous analysis on UJ in which I recommended short entries at the retest of a resistance area.
Also, to trade the breakout of the trendline.
If you are not in this trade, be patient for a pullback should give you an entry opportunity within the range i illustrate in orange.
Hold this position toward the end of the year.
Best luck! Follow my channel for more
USDJPY retracing up a bit then down to 111.600 areaOn the higher timeframes, uj is sitting on the 38.2 prz level in a downtrend. On the 4 hour we see a head and shoulders pattern as well as a break of a trend line , and on the one hour we see a minor break of support. all we are waiting for is the retest and entry for the bearish push all the way to the 111.600 area
UJ retrace then DROPOn the 1 hour timeframe, UJ broke structure, on the higher timeframe UJ is sitting on the 38.2 PRZ fib level. also has a head and shoulders pattern, with exhaustion forming on smaller time frames. just waiting for a slight retest and an entry down to the 111.600 area
USDJPY Sell Confirmations:
1. Break of strong support and now retesting as resistance
2. 61.8% Fib pullback
3. Hourly closed within zone with a wick to the upside
4. 15 min had a bearish engulfing in the zone
Evening Star Pattern! A bearish engulfing candle has formed in UJ 2 weeks ago, telling us price has rejected the resistance area at 114
We can start to see confirmations to the downside and on the long term, price could make a strong drop towards 100s
Trade the trend!
Trade the pullbacks of broken areas!
Pay attention to the wicks that form on key support and resistance areas!
Best of luck!
UJ need to touch the broke trendline. Buy set upI see a clear break of the downtrend, now is time for the little correction until .50 or .618 Fib to enter long
USDJPY Sell Confirmations:
1. LL created then retest of resistance as support
2. Selling in a downtrend
3. pullback of 38.2%
4. MA's show momentum to the downside
5. 1hr evening star and 15 min engulfing pattern (3 times)
6. Confluence with AUDUSD rising
* No trades are perfect and neither are they 100%, always determine the amount of money you're willing to risk before entering, you wouldn't go into war without armor so don't enter the markets without a SL. *
