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USDJPYUSDJPY
In 4 hour chart we had half legged doji formation which is a clear signal for further selling of this pair
USDJPY is in downtrend for the past one month. As the JPY is considered as safe heaven asset the number of positions has increased in recent days
108.160 region is a strong resistance zone from this point we can expect further selling of this pair
And the potential take profit will be 103.840
Stop lose may placed above the 108.450 level
Leave your valuable comments below
USDJPY TREND REVERSALUSDJPY
As the risk sentiment arises the safe heaven Yen has gained the major strength and rallied almost 1000 pips and reached 101.300 level and stalled
We can expect further upward rally in comingdays
Buy orders may placed at 104.300 level
And potential take profit will be 106.800
Stop lose may placed below 103.500 level
USDJPY day trading: sellThe pair sure as hell took its sweet time, but here we are.
Continuing from our previous post to take short positions and hold them, mostly based on the US + China trade war, and the less than impressive brexit progress (link below):
Once the pair breaks through the trend line, sell on the pullback.
Pragmatic traders can take profit in the 108.000-ish area, and more adventurous traders can hold with a trailing stop loss.
Esketit gang gang.
USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView
Point A: 110.67
Point B: 106.8
Point C: Entry - 108.47
Point D: TP - 105.73
SL - 109.1
I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.
USDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingViewUSDJPY: H4 - BEARISH TP: 105.73 - 250+ Pips #Forex @TradingView
Point A: 110.67
Point B: 106.8
Point C: Entry - 108.47
Point D: TP - 105.73
SL - 109.1
I would not be surprised if price continues to the upside for more of a retracement BUT doesnt matter I would still look for price head to the downside for the actual main move.
USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow
Point A LH: 109.9 Bearish Wick
Point B LL: 107.9 Bearish Wick
Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of support at 107.9 that leads me to believe that the last LH at 109.7 was ACTUALLY a LH. But the best entry we are now looking for will be found after the pullback of the broken support. So we are looking for price to pull back to 108.1.
Point D TP: 107.3 - Since this is not the best entry and we are basing our trade on the H4 TF this is not my ideal trade so we are only looking for the short term push... But I will have 2 trades going, 1 to end off at 107.3 and another to just run to the 105 region.
SL: None
USDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNowUSDJPY: BEARISH TP: Intra to 107.6 - 100 Pips #Forex #FxProNow
Point A LH: 109.9 Bearish Wick
Point B LL: 107.9 Bearish Wick
Point C Entry: 108.1 - Did not catch the right entry; I believed that price did not pull back far enough. Mostly because I thought the last LH at 109.7 was not a true lower high. Being the fact that price has close past the last level of support at 107.9 that leads me to believe that the last LH at 109.7 was ACTUALLY a LH. But the best entry we are now looking for will be found after the pullback of the broken support. So we are looking for price to pull back to 108.1.
Point D TP: 107.3 - Since this is not the best entry and we are basing our trade on the H4 TF this is not my ideal trade so we are only looking for the short term push... But I will have 2 trades going, 1 to end off at 107.3 and another to just run to the 105 region.
SL: None
EURUSD DOWNTREND FINALLY COMPLETE?USDJPY has been travelling in a (BLUE) descending channel and has also been following and testing a (BLACK) descending trend line multiple times inside of the channel. Price on the daily chart made a sharp move upwards yesterday breaking above the previous resistance zone (now support) and also the black trend line. Depending on the closure of today's candle we will be seeing a move upwards to the top of the channel.
Price has also tested the 0.618 retracement zone on the downwards dip and shot upwards which suggests a change in trend
Our target is shown above at the next resistance zone which evidently lines up with the top of the channel perfectly.
USDJPY LARGE ASECDNING CHANNEL (LONG)USDJPY has been travelling in an ascending channel ever since the large drop on all the fx pairs. At the moment , price is at the bottom of the channel and also the 0.618 retracement level of the previous wave upwards. ALL signs are indicating a move up to the TP which is -.027 extension level.
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
USD JPY- A VERY LONG CHANNEL, WHEN WILL IT END?USDJPY, Ever since the extremely large drop on mist fx pairs, USDJPY has pretty much just been travelling in an ascending channel with a few false breakouts here and there.Price is at the . bottom of the channel now and has made a higher high (broken resistance, indicating a movement to the top of the channel again