USDJPY 17/9/23UJ giving us the reverse of GJ which is a bullish swing range with an unmitigated POI at its base, as a whole iam seeing a clear bis and entry for this setup, now of course we might not het this tap in, if we clash with red folder news we might get a shift out lower so just keep in mind!
As we start this week iam looking for a test of our swing high to take the liquid then to shift lower into our POI.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Uj
USDJPY LONG! EYES ON USD DATA!!Hey Traders,
What we believe UJ price moves as mentioned on the chart,
So we expect price to break just above and go higher,
Therefore, how you can jump in this trend?
Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency,
So how we enter! Look I mentioned toppest green area, as soon as we confirm BMS in 1h or 30M, we can place an order in first POI bellow, so I will try to share with you guys as soon as I get the position
So just be careful of data from USD as we have NFP at front, However still I believe, price can move higher and higher
Any question comment me bellow,
@FxShzd
USDJPY 10/9/23Starting things off with UJ we saw a clear bullish run last week and it looks as if we may seem this carry over into this coming week. from what we have structurally we are sitting at the high of a bullish swing range BUT without having a clear SWH formed, this leads us to believe that we could see a bearish open from our UJ pair. now of course we know the market will do as it pleases but if we do form a swing high we might be able to trade the c- swing POI lower into our range and possibly even our POI.
As it stands we are looking for buy moves from our POI highlighted but until we have a confirmed target (SWH) we can only speculate.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
UJSunday Session
We watched from last week that the market has played out in such a way that NFP was a needed element to the movement. We saw the double sword of the results of NFP, one because they was too much excitement but also because the actual to the predicted varied very much.
We are bullish in our forecast and that won't change anytime soon unless we get other confirmations.
Daily we see a very big bearish flag which is signalling our bull trend.
4H, we see a bearish indication but looking at the bigger movement we now see that it is part of the play and we need to be more patient for the trade we actually want.
1H, a break of many structure downwards as we had 3 last channels broken to go to the downside.
USDJPY Analysis - Short SetupAnticipating lower prices on UJ.
This is a retracement setup to go for lower prices. When prices gets to my entry area I will see how price forms on the lower timeframes for a better RR. If the formation of price structure lines up with my bias, I will enter.
Always wait for confirmation on lower timeframes.
R2F
USDJPY ShortPotential short setup on the USDJPY.
A potential short trade opportunity could arise if the ongoing local rally loses momentum, causing a break of the rising broadening channel. In this scenario, it will be crucial to observe whether the pair convincingly breaks below the Point of Control (POC) level, as this could confirm the validity of the short setup.
On the other hand, there is an alternative scenario to consider. If USDJPY gains momentum and approaches the 139.600 range, a significant breakout above this level might occur. However, should the pair fail to break out of this range, it could signal an even more substantial potential short setup.
Always remember to exercise caution and perform thorough analysis before executing any trades. Market conditions can change rapidly, and risk management should be a priority in your trading strategy.
UJ137.97 This is where I will be setting my Buy Limit.
If you zoom out and look at previous data, it was once a rejection point and then a level of sensitivity. So this Level once reached will be we have a buy limit ready and after the rejection we will place more buys to upside. Should it not reject and break right through our level of significance then SL will hit and we will look for more confluences.
UJCOOL STUFF
The skill stays getting sharpened. We were inline with the market and the direction with the ghost pattern. Now we reset and put in our channels to watch just how we are going to face this week. With the month end approaching UJ has a sensitivity to Fundamentals, especially those with many orders placed by other traders. If we do get a trade this week, I will probably only post mid trade or at the end of the trade.
USDJPYThis is the simplest way I can explain this because the way I try to put down my ideas is not easily understood. The Ghost Patterns are what I would require in order to take a sell. Not going to risk it but going to use experience and proper planning in order to successfully trade. No guessing, the blue levels are the significant levels which are sensitive to movement.
UJThis is the first wave of our upside.
Rejected and bounced back up, therefore showing 142.00 is our support and as such we expected the bullish move. Now we wait for break of structure and retest of the break and continuation before entering.
With clear and direct rules, we mess with money and miss what the market says according to our plans.
UJI know I am not the only person seeing this now
- break of larger trend
- retest of the channel
- lots of slowing down candles (consolidation)
∴ we can expect an impulsive candle coming. Which will either be bullish or bearish.
- chances are that it will be bullish due to the average direction and momentum the market has been moving all this time.
- I will set a buy stop according to more information. Which probably means I will wait for the impulsive supply and then follow that demand (in line with my trading plan)
NB!!!! All moderators reading this post, should there be any problems please do inform me and teach me don't just send thousands of links. We do not trade the same as people, so we cannot be posting the same or similar things.
UJWe have been fighting the bears and only been bullish for quite a bit. Now we are just going to wait for the pullback/retrace which will tell us we should start preparing for the impulse. My current possible risk is inline with my plan, follows my mindset and it comes to me I don't have to go to it.