Usdjpy-trading
USDJPY - Neutral - Pre Data ReleasesWe have changed our long term short USDJPY view to neutral as the currency pair has strengthened in recent weeks despite anticipated US stimulus and the continued impact of the coronavirus. USDJPY has consolidated above support at 103.6 and appears to be one course to break through resistance above 105. We await Japan 4th quarter GDP growth later today and key US data including retail sales and FOMC minutes next week for any significant price action.
USD/JPY - Interesting Week AheadSimple outlook of this pair on the daily. What happens to price in this key zone will be instrumental in predicting whether USD will complete a reversal to the upside or continue it's decline.
Keep an eye on this pair! Price could break this long term descending channel!
Have a great trading week folks!
USDJPY StudyUSDJPY weekly setup gave us a beautiful short opportunity to begin the week continuing the higher timeframe downtrend. However, a M-W-R was anticipated due to liquidity buildup at Monday's high and bullish trade opportunities revealed themselves during Wednesday's London session and NY session after the weekly low was captured.
Trading plan for EURUSD, GBPUSD, USDJPY for 23/12/2020EURUSD*
Technical analysis**:
Trend: 1
Trend power: 1
Overbought/Oversold : absent
Preferable trade direction : buy
Sell near 1,2250 with a stop loss above 1,2290 and a take profit near 1,2170.
Buy near 1,2160 with a stop loss above 1,2120 and a take profit near 1,2250.
Buy near 1,2080 with a stop loss above 1,2030 and a take profit near 1,2170.
GBPUSD
Technical analysis**:
Trend : 0
Trend power: 0
Overbought/Oversold : absent
Preferable trade direction : sell
Sell near 1,3450 with a stop loss above 1,3510 and a take profit near 1,3350.
Sell near 1,3550 with a stop loss above 1,3630 and a take profit near 1,3350.
Buy near 1,3350 with a stop loss above 1,3310 and a take profit near 1,3450.
Buy near 1,3230 with a stop loss above 1,3180 and a take profit near 1,3350.
USDJPY
Technical analysis**:
Trend: -1
Trend power: -1
Overbought/Oversold : absent
Preferable trade direction : sell
Sell near 104,40 with a stop loss above 104,80 and a take profit near 103,70.
Sell near 105,30 with a stop loss above 105,70 and a take profit near 104,30.
Buy near 103,20 with a stop loss above 102,80 and a take profit near 103,80.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analy
sis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
Trading plan for EURUSD, GBPUSD, USDJPY for 08/12/2020EURUSD*
Technical analysis**:
Trend: 1
Trend power: 4
Overbought/Oversold : overbuying
Preferable trade direction : buy
Buy near 1,2090 with a stop loss above 1,2050 and a take profit near 1,2180.
Buy near 1,2000 with a stop loss above 1,1950 and a take profit near 1,2100.
GBPUSD
Technical analysis**:
Trend : 1
Trend power: 1
Overbought/Oversold : absent
Preferable trade direction : buy
Buy near 1,3260 with a stop loss above 1,3200 and a take profit near 1,3360.
Sell near 1,3480 with a stop loss above 1,3530 and a take profit near 1,3380.
USDJPY
Technical analysis**:
Trend: -1
Trend power: -3
Overbought/Oversold : absent
Preferable trade direction : sell
Sell near 104,40 with a stop loss above 104,80 and a take profit near 103,70.
Sell near 105,30 with a stop loss above 105,70 and a take profit near 104,30.
Buy near 103,70 with a stop loss above 103,10 and a take profit near 104,60.
* all transactions are intraday, that is, it must be closed at the end of the day. The error in the parameters of transactions is +/- 5 points; in the case of fundamental force majeure, the recommendations may be less relevant;
** the trend parameter accepts values “+1” - an uptrend, “-1” - a downtrend, “0” - no trend. Determined in terms of the author's analysis of a set of signals from technical indicators from different time frames;
the trend strength parameter - accepts values from “-4” to “+4” and shows how strong this trend is. It is determined based on the author's analysis of a set of signals from technical indicators from different time frames;
overbought/oversold is defined in terms of the analy
sis of the RSI (8) indicator on a daily time frame. The boundaries of the zones are accordingly 70 and 30;
the priority area of transactions depends first of all on trend and its strength but is also taken into account our value judgments of the situation on the market.
Wish you successful trading solutions and transactions!
Easy and Understandable Trade Setup on USDJPY!LH - 106.895 (bearish below this level) and continue T1 106.240 & T2-105.755
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Narrow range for traders on daily chart :
Traders, can trade both side and take profit until no-major change in volume and price.
Up-side breakout above 107.075
Weekly chart:
Falling wave(downtrend) inner side of the parallel channel:
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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