USDJPY-SELL
USDJPY 4H TRIANGLEUSDJPY had an impulse down and now its correcting and it looks like this is a triangle pattern, in case it is this would have to make another wave up and then it would complete the 5 wave structure which would lead the breakout to the downside and ill be targeting 95.50 and potentially lower.
USDJPY - SHORT TERM TRADE (SELL)USDJPY just bounced on a nice trendline, NICE OPPORTUNITY TO SELL! Low risk trade then we will be buying long term on the lower level, i am selling because the market broke but didnt re-test the lower level! So i'm expecting a retracement
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Simple trade, low risk!
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BEARISH BAT PATTERN ON USDJPY (TRADE WALK THROUGH)HELLO TRADERZ! FOR THIS COMING WEEK, I'M DEFINITELY LOOKING FOR AN ENTRY SIGNAL OF THIS BEARISH BAT PATTERN FOR USDJPY. IF WE GET A REVERSAL CANDLE SIGNAL, WE SHOULD GET A NICE RUN DOWN TO OUR TARGETS AT THE 38.2 AND THE 61.8 ON THE FIB. LET'S SEE HOW THIS PLAYS OUT!
USDJPY Sell ideaWe see a confluence of trend lines in a zone I have marked with red circle. This is where we want to see the price before going short – rally, sell. Look for divergence to form near this zone and attack when completed with bearish candlestick pattern.
Alternatively draw an uptrend line and once broken go with the break.
Stop loss – above last high created.
Target 1 – 99.50
Target 2 – 98.00
Sell USDJPY D1 chart has made a false break of the down trend line and has also formed bearish hidden divergence.
You can either sell now market price protecting 107.00 level at least OR you can wait for the breakout of the range that the price is trading in right now.
Targets as shown in the chart.
Rare Sell Setup Forming in USDJPYThere is a very nice and promising sell scenario forming in USDJPY.
D1 chart - bearish divergence is already there, strong resistance zone and a trend line.
H4 chart - two cycles coincide around 107.30 zone which would be a perfect place to sell once the divergence complete itself and
AUDJPY Potential Short SignalAUDJPY has been in an overall bearish downtrend over the past few years... consistently making lower lows. Though price action has been choppy making violent swings, the market is holding its bearish bias quite nicely. For this reason we are only interested in taking a short position on this pair. We are viewing this slight bounce on the hourly to be a corrective pullback that will eventually continue in the direction of the overall trend. If price action can manage to break below the short term blue uptrend line with confluence from our price action predicting algorithm we may consider a short position on this pair.
Currently our price action predicting algorithm is predicting a violent swing to the downside upon a break of the trend line with a chance performance prediction rate of 74%... we would like to see a chance performance prediction rate of 85% or higher though so we will watch price action and our algorithm updates.
See the below link for an image of the most recent price forecast from our algorithm:
i.imgur.com