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USDJPY LONG FORECAST Q2 W16 D18 Y25USDJPY LONG FORECAST Q2 W16 D18 Y25 Fun Coupon Friday SUMMARY - Trading in the absolute Depths of the ocean, anticipating orders are being created for price to take an explosive breath. IMO! - Weekly order block breached, YES. - Weekly order block still valid due to no clear close below- Long positions only. - A setup for break and close above key 15' structure point of interest creating higher high. - B setup to await for lower time frame break of structure. FRGNT X
Long
by JCFRGNT
USDJPY LONG FORECAST Q2 W15 D11 Y25USDJPY LONG FORECAST Q2 W15 D11 Y25 Happy Friday Traders, It has been a week of sitting on capital. Being cautious, awaiting for breaks of structures at key areas and not not getting dragged into trades that do not fully present themselves. The clues have been there. The carrot has been continually dangled however as risk managers... You know how the saying goes. We stay true to our trading plan. We hold firm with what we know works. We are aware of our market edge. We know our "perfect" set up does present itself. with that said, we are dynamic! We do of course entertain the "Imperfect" setup. We simply approach with caution. USDJPY LONG FORECAST Q2 W15 D11 Y25 15' of course, bearish start to the Friday. Perhaps we are asking a lot from UJ today but let's see if we can break 15' structure before taking a deeper look. Bigger picture, We are in a weekly order block in the long direction so all shorts are OFF until further notice. Best of Luck Traders. Continue to manager your capital. FRGNT X
Long
by JCFRGNT
20 REASONS FOR SELL USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: a bullish trap and, after it, a solid inside candle 2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend 3:📅Weekly: choch and fresh high market going down, forming a low 4:🕛Daily: the price is near to prices support a sharp fall 😇7 Dimension analysis 🟢 analysis time frame: daily 5: 1 Price Structure: dearish inner 6: 2 Pattern Candle Chart: long wick 7: 3 Volume: good volume at the bearish candle 8: 4 Momentum UNCONVENTIONAL Rsi: super bearish zone 9: 5 Volatility measure Bollinger bands: walking on the band 10: 6 Strength ADX: sharp bear dmi up, 11: 7 Sentiment ROC: jpy stronger ✔️ Entry Time Frame: h1 12: Entry TF Structure: right now is bearish, 13: entry move: impulsive 14: Support resistance base: h4 d1 15: FIB: trigger event done wait for the trend line breakout ☑️ final comments: sell at the opening 16: 💡decision: sell 17: 🚀Entry: 130.604 18: ✋Stop losel:131 19: 🎯Take profit:128.800 20: 😊Risk to reward Ratio: 1:5 🕛 Excepted Duration: 2 days
Short
by Optimum369