ASIA: UJ/ BREAKOUT/MOMENTUMSetup identified with a potential change in sentiment. Lets see if we can pull off 4R with this BO setup with momentum based entry
Uj
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.
USD/JPY - Short SetupHere is a short setup on UJ.
There should be at the very least some sort of retracement to hit the targets, if not all of them. There is a safe entry and refined entry, depending if you want to wait for lower timeframe confirmations.
#NFA
Happy Trading!
R2F
ASIA: UJ - BOBBI - MOMENTUMAsia has presented a break out break back in setup with momentum shift to the downside, lets see if the market wants to give out 2-4R tonight
ASIA: UJ - Break & Retest - MomentumB&R setup and momentum entry spotted in UJ early Asia session, let’s see if market can give 2-5R on this one
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.
USDJPY Will Go Higher?Resistance broke at 140.880, Im watching news also as we have had recent strength in the Dollar, this could push UJ to break the next resistance zone around 141.4. Patience waiting for the right entry.
USDJPYSometimes JPY just keeps getting weaker, bulls are enjoying a long way and more to go.
We are looking for a buy in the demand zone where lies the imbalance to be filled. looking forward for 5R trade on this.
UJMade some bad decisions and my eyes are clearly fogged up, that's okay I'll sharpen the edge and make it stronger. Apologies for not being 100%
USDJPY Short It can possibly retrace back to the 30 minute supply 138.499 and will continue to go down at 1 hour demand 134.946
Short UJ on 2nd test of 50% level on Sunday Night / Monday UJ traded lower on Friday and could be in for a minor top here. I'm looking for a retrace of the latest up move that has seen it rally into the 138's-139s. In the sharp downdraft late morning NY, UJ setup a short setup for additional downside in USDJPY. Look for a move back up to the 138.10 area. We encoun6tered resistance and traded away lower from this area. I am expecting a 2nd test of this area and if it does, could offer a compelling reward to risk ratio and an opportunity to get short for a move back into 135-136 area. This could be a multi-day swing trade to enter on a tight stop near the level and when it starts going your way, bring your stop to break even and let it work. Add on any spikes up as needed. And, remember to trail the move down with a 61.8% trailing stop,
Daily Updates UJ May 15th 2023Hello Traders!
We can see the dollar gain strength. Looks like it is following it seasonal bias for May.
USDJPY, Bullish market, 4HrHello everyone,
UJ began its official bullish momentum before the end of last week. Now that price has broken above EMA's and formed a double bottom respecting our demand zones, it will be in everyone's best interest to start looking for ways to enter into the bullish market.
In this idea, I'm projecting that price will begin to reject in 136.300 price area and make a swing down to the next support/demand area on our four hour time frame in the 135.290 price area. If the projections comes true, look to enter the market going long at your own comfort level.
If anyone has any questions, comments, or concerns, please do not hesitate to leave a comment. If this projection is similar to yours or agree with this analysis, please: Share, like, and/or leave a comment.
Asian Session Model Example 5 Hello Traders!
Same simple setup traders need to be using for the Asian Session.
This is step by step how I approach Asian Session.
Daily Update May 11th UJ 2023Hello Traders!
Dollar has moved back above May opening price.
We have left a discount range and could see the strong dollar push possibly.
How I missed you UJOANDA:USDJPY
Crazy NY morning, waited until the dust settled and charts refreshed back to the normal ebb and flow.
Wanted EU, but I saw UJ setting up, so what the heck, 10 pips hard TP hit....
UJDecided to take a break and wash the car and missed the whole move but still some great forecasting😂😂😂😂
UJZooooooom Ouuuutttt, go to 4H you'll see what I'm seeing. We have been falling and crashing for a while, this is part of the correction part of the move there is volatility that has been waiting f=to be released. Now we wait for the impulsive candle breaking the current trend downwards, then the violent pullback / slow down by many candles (Usually spinning tops), then final kisses and we then set SELL STOPS which ride us down the whole wave.
Daily Update May 9th 2023 UJHello Traders!
I am still bullish on UJ.
The fact that a higher swing low has formed under May's opening price is a good sign.
