USDJPYDepending on how the week opens, I'm looking to short the retace back to trendline support before going long UJ
Uj
USD JPY SHORTUSD JPY Should make a reversal from 113---113.3 range ---
look for DXY 94.35 retest and see how it held
FX:USDJPY
83 - UJ buy with the ABC patternI buy with the ABC pattern
Waiting confirm break out.
TP is 100 = 100% of A leg.
[USDJPY} Weekly IdeaWe have this channel which price is seemingly respecting with LH and LL. Wait for PA at 700 area for confirms.
UJ short ideaprice needs to break out of the ascending support trendline to go short till the channel support.
7 - USD/JPY - September FREE SignalsUSD/JPY labeled in an ABC bearish correction, where wave B presents a Double Three within an Expanded Flat.
Expecting a sell-off and YEN strength.
USDJPY - LONG POSITION In order with my check list, i'm looking for a buy on UJ.
Fib retracement on 61% zone, bullish trendline and supply / demand zone.
USDJPY Short 4HR
The last week we can see how the uj got a nice
bullish momentum, right now we got a strong resistance
at 111.480.
Depends on the market news we possible can break the resistance or falling down.
I still got a trade (BE) running and hold it over the weekend.
My entry level was 110.54
UJ Neutral Monthly Uj has shown alot of indecisive price action on the past month, this pair unlike other Yen pairs has shown more bullish arsenal than bearish.
I will wait to see which end price breaks towards in the MONTHS to come before engaging in this market again.
At the moment it is not worth the risk.
Short UJ if the support line breaksI'm looking to go short on USDJPY if this support line breaks. Target around 109.90 but I'll be using a trailing stop here.
USD/JPY Monthly/Weekly 7 swing WXYI am showing you this illustration to try and point out the bigger picture. A "B" wave is a 3 wave move. So far UJ has completed a 7 swing wxy for a "B" wave can be on the way up long term for a "C" wave (On both time frames). The only question is, will we get an "X" and a "Z" added to the swing pattern? That would mean we get a triple combo (which is rare) if UJ went down, but structurally the pattern has to finish out so even if it goes down, it should need to come back up to complete "C". Keep in mind, a "C" wave is a 5 wave, that has the possibility of correcting itself and becoming a reversal for a 5 wave of a larger degree. Will this help you trade it this week? Maybe not. But at least it might peak your interest into learning wave theory so that it can. (I don't teach it by the way) just sharing a chart.
15 TTf Box Strategythe price already break the box now pull back
go long aim 2R
why have to complicated
Two in one. UJBat pattern and Head and shoulder.
both reading collide at the same Target point.
Goodluck
USDJPY. Update of November chart. Target 118.60-125.00Back in November 2017 I posted the idea titled "USDJPY. Possible wave count. SeeSaw" (see related).
The price was shaping the junction of wave B of ABC correction, which still emerges in this pair.
Last update was done this February where I showed the possible area of wave B completion around 104.25.
The price reached 104.60 area and reversed.
I post this update as price broke out of the downtrend wave B around 112 level and now we can see
how wave C emerges. It could be fast as it should be for wave C.
Now you can check the power of the trends as I added white uptrend to show you where wave C could hit being equal to wave A.
It was marked as target 2 at the 125 level - amazing gain it could bring us. This level corresponds with a multi-year top.
Before that there is a target 1 at the 118.60 level as here is a former top of wave A, which could be a strong barrier for the up move.
Invalidation is below 108.10
USDJPY. Long Term Chart. Possible Giant Ending DiagonalThis is the long term chart depicting the possible Ending Diagonal Pattern (green).
What is interesting that small waves c (yellow) of the countertrend waves B (red) already two times are smaller that waves a (yellow).
If this sequence would persist then it's quite possible to have it in the last wave down as projected with the red polyline.
The pair could hit the downside of the pattern at 70 level in wave (5).
UJ- GREAT RISK REWARDits sell stop :)
Don't forget to breakeven and respect your money management PLS !
