USDJPY Potential for Bullish Continuation| 26th August 2022On the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. Short term- we're looking for a pullback buy entry at 135.470 where the 61.8% projection sits, take profit at 137.636 where the 78.6% fibonacci retracement and 161.8% extension sits. Our stop loss will be placed at 133.936 where the previous swing low sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Usd-jpy
USDJPY on a retracement move 🦐USDJPY on the 4h chart is trading at the recent highs.
The price has moved in a bullish price action for quite a long time and some retracement can be expected.
How can i approach this scenario?
I will wait for the EU market open and if the market will break below the support are i will look for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USDJPY Potential for Bullish MomentumOn the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. Short term- we're looking for a pullback buy entry at 135.462 where the 61.8% projection and 38.2% retracement sits, take profit at 137.626 where the 78.6% fibonacci retracement and 161.8% extension sits. Our stop loss will be placed at 133.874 where the previous swing low sits
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDJPY Potential for Bullish Continuation| 26th August 2022On the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. Short term- we're looking for a pullback buy entry at 135.470 where the 61.8% projection sits, take profit at 137.636 where the 78.6% fibonacci retracement and 161.8% extension sits. Our stop loss will be placed at 133.936 where the previous swing low sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDJPY H4: Bearish outlook seen, further downside below 137.50On the H4 time frame, prices are facing bearish pressure from the resistance zone at 137.50 which lines up with the 78.6% Fibonacci retracement level. We could see a reversal below the 137.50 resistance zone to our support zone at 135.50 which is also the graphical support zone and 38.2% Fibonacci retracement. Stochastics is testing resistance as well supporting the bearish bias.
USDJPY Potential for Bullish Continuation| 25th August 2022On the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. Short term- we're looking for a pullback buy entry at 135.430 where the 61.8% projection sits, take profit at 137.549 where the 78.6% fibonacci retracement and 161.8% extension sits. Our stop loss will be placed at 133.923 where the previous swing low sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDJPY Potential for Bullish Continuation| 24th August 2022On the H4 chart, prices are above the ichimoku cloud and has confirmed a bullish momentum breaking the previous high. we're looking for a pullback buy entry at 135.430 where the 61.8% projection sits, take profit at 137.549 where the 78.6% fibonacci retracement and 161.8% extension sits. Our stop loss will be placed at 133.923 where the previous swing low sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDJPy time for a retracement 🦐USDJPY on the 4h chart is trading at the recent highs.
The price has moved in a bullish price action for quote a long time and some retracement can be expected.
How can i approach this scenario?
I will wait for the EU market open and if the market will break below the support are i will look for a nice short order according to the Plancton's strategy rules.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USDJPY Potential for Bullish Continuation| 23rd August 2022On the H4 chart, we're looking for pull back buy entry at 135.524 where the 61.8% projection sits. if bullish momentum continues, price should hit our take profit at 137.676 where the 78.6% retracement and 161.8% extension sits. Stop loss is placed at at 131.766 where the swing low and 78.6% retracement sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDJPY SHORT 950 PIPS!
USDJPY SHORT
Why are we entering?
- in an ABC correction
- Expecting rejection of parallel channel and fib zone
What is our confirmation?
- Break of WFB
Entry
- Safe Entry; Rejection of fib / parallel channel and break of WFB
- Risk Entry: Entry on rejection of fib / parallel channel
Once entered, where will our Stoploss be?
- Above rejection (30pips)
Where do we take profits?
First TP: 131 (650pips)
Final TP: 128 (950pips)
USDJPY Potential for Bearish MomentumOn the H4 chart, prices seem to be in a bullish momentum but we're looking for a short entry at 137.707 where the 78.6% retracement, 161.8% extension sits. our take profit will be at 135.407 around the 38.2% retracement and stop loss at 139.443 the previous swing high
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDJPY Potential for Bullish Continuation| 22th August 2022On the H4 chart, price has confirmed a bullish momentum breaking the previous high. We're looking for a buy entry at 137.599 where the 78.6% retracement sits. Take profit at 138.836 where the previous swing high sits. Alternatively if price pulls back, it should hit our stop loss at 135.631 where the 23.6% retracement sits
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.