Uj
USDJPY with 3 different options!! Check this***UJ preparing the big movement.
Option A: price could respect the daily region and drop until 4h trend line, if breaks the trend line we continue down for a couple of hundred pips.
Option B: price could break the daily region and continue up until Daily trend line, and we wait for a double top and candle confirmation to enter short. If break the Daily trend line we continue the movement until 113.000 region
Option C: Wait for a deep pullback, and if breaks the 4hr trend line we continue short until next support area.
Remember the Candle is the last/main confirmation to enter a trade!!!
59 : UJ - buy with the trendI buy with HH candle, and yes it break new high,
however, due to my EU order, (it is relate of USD) yes It make me annoying for cut off the trade for afraid of
USD weak,
So I go out (in 1H it cross down sma20, is it my system?) Actually, I must wait the LL or SMA20 cross down in 4H, but I afraid.
At least I got profit is ok. But blame for not do with plan.
SELL ANTICIPATION USDJPY WITH 30 PIPS ONLY FOR STOP LOSS We can see there is a Double Top in forming
SL and TP Clearly Showing
The breakout of uptrend is considered as a confirmation to enter Selling
UJ Buy Set is Approaching As my last post-UJ is Bullish and it will continue, so there is no reason for me to sell this pair at the moment.
Waiting for a 38% retracement, after that, I will look into finding an engulfing candle or a variation of candle formation to start looking into entries.
UJ will come back to 110 soontrade war among China and Ameria is getting good news this recent time.
In addition, Trump help ZTE - a company of China which is shown a good sign for and end of "trade war"
USDJPY Awaiting confirmation
We might looking for short if the Daily candle closing with a bear candle. This make the confirmation of the double top formation which might looking for a TP at 109.017 and SL at 101.298. Please wait for the confirmation. Confirmation is everything for a dedicated traders!
Trade at your own risk *
USDJPY to fall (150+ pips) as it meets the downwards trendlineUJ to fall in a few days in the wake of strong news about Japanese economy (household spending), while US is still struggling to make ends meet with Europe on Trade War.
Sell For Short USD JPY A Rising Wedge is Formed on top of daily Uptrend , so We sell with breakout Confirmation
USDJPY: Looking for Long entryPossible trade plan for NEXT WEEK. (currently Friday, not a good time to enter a trade).
So this is posted just to observe action on Friday and the Monday will be possible entry watch.
This is based on TA only, have been out of touch with Fundamentals.
Looks like UK downtrend might be turning (USD in general).
First EW impulse waves have had extended wave 5's, to be a very bullish signal.
Waiting for retrace to look for entry.
107.00 would be the ideal range to watch if it retraces that far.
USDJPY Pennat, Continues HHs, HLs, MAS are crossed over, needs to break monthly resistance, over all target is 114.547.
UJI still feel like we are in a overall uptrend with the market making a correction now. WE broke through support down by the 107 levels for a bullish run. I do see a possible retracement around the 108 level to upside which would also be previous support turned resistance. Structure hasn't be broken as of yet to state a change in direction so right now i'm still bullish.
USDJPY Projection for next weekProjetion for UJ next week. Will go short until it finds prev support which lines up with 38.2 on fibs and should shoot up to -27% or more. Goodluck :-)
UJ needs to create a new HL.
Point A on fibs need to go to that previous HL my mistake. But its still 38.2
UJI do see possible retracements at 109.790 level for a bearish move and also 111.182 level for a bearish move now if those areas are broken this pair most likely will head to the 113.333 level.
Another Set up for UJ is approaching UJ is a confirmed Bull, It has broken a previous LH.
I'm looking for a retracement to the 38% area (green box) and continue up.
POTENTIAL UJ Short Position If Price Rejects Weekly Resistance This is a potential opportunity for a UJ short position as price broke support and turned into resistance. Price has rejected this level in the past and is at a potential retest of resistance right now. I price rejects this level with strong rejection wicks or bullish engulfing candles the position is validated. The opposite trade of a UJ long is also a potential opportunity if price fails to reject resistance.
POTENTIAL UJ LONG IF PRICE BREAKS WEEKLY RESISTANCE AT 108.5LVLThis trade will be valid once price breaks the weekly resistance level at 108.5. If price breaks this zone, it will likely retest this level once before flying up to the higher resistance level at 113. It is better to catch this trade on the retest as it will serve as confirmation, increasing the likelihood of your trade winning. Note, this trade is not valid until the resistance level is broken and retested at least once. However, if this level is not broken, it provides a potential opportunity for a short position.
