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USDJPY-SELL

USDJPY Sell IdeaW1 - Price is nearing the downtrend line. if we didn’t get a valid breakout here then there is a good chance that the price might respect the trend line and move lower. D1 - Potential bearish divergence forming. H4 - The price is moving inside a bullish channel. Currently the bullish momentum holds and the price is approaching good reversal levels. So basically the 111 zone is where we may start looking for sells after reversal confirmations. Invalidation: If the price breaks and holds above the weekly downtrend line then this setup is invalidated (false breaks are acceptable).
Short
by VladimirRibakov
USDJPY Sell IdeaH4 - Triple cycle up, the third leg of this triple cycle is moving higher towards the second magnet zone. From this zone we can start looking for a possible stop and retrace signs. if we can see any, we can think about some sells from here. If this zone doesn't hold, we may then expect the price to move higher and reach the third magnet zone and may look for a bearish reversal to happen from there. In that case once we get evidences of bearish reversal, we can then start looking for sells from this zone. Bearish divergence forming. We may look for sells until price reaches the 38.2% to 50% fibo retrace zone of this triple cycle.
Short
by VladimirRibakov
USDJPY Sell IdeaD1 - We have a potential triple cycle and it looks like this triple cycle is converting itself into a special cycle now. We have divergence only on the histogram now. We may now expect a correction to happen within the area which was the breakout zone and the bottom of the range. Once this special cycle completes itself we may look for a correction to happen and then continuation to the downside. H4 - Hidden bearish divergence, downtrend line is being respected. H1 - Bearish divergence. If you want to be conservative wait for the price to break below the low at 107 (approx) and then we can start looking for sells.
Short
by VladimirRibakov
USDJPY Sell IdeaD1 - Price bounced from top of the range, bearish convergence created. H4 - Triple cycle down followed by false break with divergence. If we get a double wave up to the 112.30 – 112.80 zone we can start looking for sells. Alternatively on the H1 chart if we get a triple wave up followed by double wave down, we can look for buys with the breakout of the most recent trend line, if we get that then make sure the risk reward is good aiming the target as the 112.30 – 112.80. If the risk reward is not good then ignore this buy trade.
Short
by VladimirRibakov