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. *
Usd-jpy-sell
USD/JPY Touching TrendlineHey,
This is my first post.
I will keep posting my idea's and track my losses and wins.
Im not using any indicators because I don't believe it will help me.
I put much effort into this chart, but deleted everything after so you can get a really simple view.
This is my first signal, follow my trading journey !
Wins = 0
Loss = 0
Running = 1
USD/JPYThis pair is in for a big week next with either a major push to the upwards or downwards. after being in a corrective stage most of the week, we saw a major impulse as expected as it broke through our trend line. i expect further downside as we collect more retail stages with another correct wave and then another push lower. lower lows are expected this week.
What if the FOMC disappointsIts the FOMC afterall, rate decision could be priced in, only 3 and not 4 times this year, conservative first press conference from Powell
All these could be factors which would cause the FOMC to disappoint, and in this scenario, drive the USD lower
This would make the USDJPY a potential setup as price gets trapped in the 106.50 and 105.50 range
we'll have to wait and see
USDJPY for possibility of it retesting With no notable economic data to be released later today, I’ll be looking at the USDJPY for possibility of it retesting the 105.80 and 105.30 support level. This is in addition to the current commentary coming from the BoJ regarding the actions to be taken to reach their target of 2% CPI.
USD/JPYSpeculations!!!!
could we see a morning star formation formed before the end of the year.
as we can see my 61.8% fib lines up with a nice level of rejection and just above this is my monthly resistance.
on the lower time frames we have already seen father indications that we should sell (1w and 1d time frames.
however the movements towards the end of the year become slower and things start to range more, I believe we will see this pair decline from December and increase its drop in the new year.