Scenario USDJPYThe graph is just for fun, I lightly drew a possible scenario, but we will see how this situation turns out in the end, the price is currently hovering around the price level of 153.340, which corresponds to a little 0.618 from the last wave before the correction, if the price fails to hold, the correction may be considered sufficient and we can concentrate for shorts !
Usdjpy-chart
USDJPY the condition is closing 4h candle under 141.97stabilizing above 141.97 will support rising to touch 143.02 then 144.69 then 146.62
stabilizing under 141.97 will support falling to touch 140.25 and then 138.83
the condition is closing 4h candle under
141.97
Resistance prices: 143.02 & 144.69 & 146.62
Support prices: 140.25 & 138.83 & 137.55
timeframe:4H
Speculative Wave theory, Bullish-Pullback and Buy! USDJPY
Buying is the best in pullback , presently price is on the road of pull-back. HL- 106.9 nearby bottom of this pullback. The price can start to move new impulsive wave upward.
Waves picture on 4hrs chart TF:-
The (C) is target level after pullback at (B)
Don't Forget to FOLLOW and LIKES.
Last updated was:
Do you want to fill your Pocket...? use ALARM on USDJPY
Break-Down Alarm :106.967
Break-Up Alarm : 107.876
Let's think about this logically :-
A break out requires a surge of 1.5x volume than average volume.
Too much surged volume, would force prices higher/lower quickly, so great care is taken. Put the Alert point of price rotation.
The Price will go away too far from Price Rotatio n after the breakout.
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Remember => " After greed comes fear – again! "
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USDJPY Technical MarkupCurrently this asset is on a strong move to the upside however it will soon hit a strong resistance roof,so patience is key,but when it does stall and the sellers step in,the support trend lines plotted will act as first round confirmations of the move to the downside on this asset
USDJPY > Levels to WatchUSDJPY > Key Levels > 10/15-20/17
Timeframe: 1W
Pair still signals bullish trend strength in mid-term, with loss in momentum within longer-term range.
Averaging price within 111.000 to 113.000 range while expecting strong support @ 111.58 level.
Firm break and hold above 113.45 resistance possible rise to 114.00/50 levels.
Firm break and hold below 111.58 support possible further decline toward 110.95 levels.
R3 112.85 R2 112.59 R1 112.22
S1 111.58 S2 111.32 S3 110.95
Pivot Point @ 111.95
High volatility expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
USDJPY > Simple candlestick signals easy to recognizeEducation > Basic Candlestick Signals
Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M.
Analysis in chart
1. Large body w/small wicks indicate strength
2. Larger the body w/smaller wicks indicate greater strength
3. Long wick w/body at opposite end of candle indicates shift in trend momentum
4. Wicks at both sides w/smaller body in middle indicates indecisiveness and both sides have equal strength
5. Larger wicks w/smaller body in middle indicates increase of indecisiveness
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.