USDJPY top-down analysison DAILY: price is sitting around a strong support/resistance zone in red so we will be looking for objective sell setups on lower timeframes.
on H1: price is overall bullish making higher highs and higher lows so we are overall bullish.
However, price is sitting around resistance and we have a bearish divergence on MACD.
Moreover, price is trading inside a wedge pattern in orange, so we are waiting for an objective break below our lower orange trendline to sell this one.
meanwhile, USDJPY would be overall bullish.
USDJPY-SELL
USDJPY - Wait for confirmation!Hello everyone!
I will keep it compact as always:
1. Wait for a closed breakout candle at a lower timeframe (15m/30m)
2. If it breaks the resistance level with a closed candle above it, we are looking for a BUY
3. If it breaks the small trendline and leaves rejection wicks behind, we are looking for a SELL
4. BE PATIENT! We need to react to PRICE ACTION!
I hope you like it!
USDJPY in RESISTANCE ZONE, BUY?? SELL!!! (TRIPPLE TOP in TF H1)look at my pict, i have tried to tell my idea from number 1 till 4.
Resistance TF H1, have been tested 3 several times. For me, it's mean Tripple TOP. USDJPY will fall deep.
Disclaimer: I dont have any responsibility of your profit or loss because of my idea.
Live what you choose
USDJPY Sell and BUY setupWe are in a trade after First ST. predicting every wave accurately. Now I am expecting Spring phase and a rise up. There are two types of accumulation. Movements of both accumulation are same but one makes spring which means it will break ST in Phase B's bottom, and second move near to ST in phase B level and don't break the bottom. when it reaches near ST, close sell orders and ready to buy.
Hit the like button if you find it helpful and informative and follow to catch the waves correctly.
PREVIOUS ANALYSIS
SELL USDJPY - DOWNSIDEFurther downside is possible for this pair after resistance was identified. Furthermore, looking at the fibonacci resistance fan, the price has fallen out of it's main upside trend as highlighted in red and is falling through the different fan lines. Support may be found at the 107.00 region, however it will likely be stronger at the 106 / 105 levels.
USDJPY Potential Bearish MovementUSDJPY Potential Bearish Movement
we are waiting for a momentum candle close below 110.0 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Symmetrical Triangle (in blue)
3- Objective Channel (in orange)
4- Resistance in purple from Daily 112.0 (in purple)
Four confluences are enough to consider Selling USDJPY, after a break below 110.0 (in gray)
USDJPY SELLDear traders,
USDJPY has reached the resistance line of a descending channel. It has rejected that multiple times. There is a possibility of this to go down. Good luck everyone!
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Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
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DISCLAIMER:
__________
This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist
USDJPY ForecastD1 - Price broke below the uptrend line and an important support level, lower lows. Currently it looks like a pullback is happening.
H4 - Bearish hidden divergence.
H1 - We have two important sell zones that has formed based on the fibonacci retracement and fibonacci expansion levels of the cycles we have. Price has reached the first zone, we had bearish divergence and an uptrend line breakout.
Until both these sell zones hold my view remains bearish here.
USDJPY SELLDear traders,
I posted an analysis about USDJPY on 6 FEB that it may reach the level 112.175. It went to that level successfully. Now USDJPY is in a strong resistance zone from where it could potentially to and retest the support at 110.230. Good luck everyone!
__________________________________________________________________________________________________________________________________________________
Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together.
__________________________________________________________________________________________________________________________________________________
DISCLAIMER:
__________
This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction.
Thank you for your support,
FX Specialist
uj looking for sell The University of Michigan released preliminary figures for January consumer sentiment showing consumers remain upbeat about the state of the economy. USDJPY rose as the headline figure crossed the wires at 100.9, beating expectations of 99.5 and rising over last months read.
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