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Usdjpybuy

Long USD / JPY - High Ratio Return - Long Term Uptrend This long term uptrend since Jan 2021 has been in a solid channel since the channel break out in August 2022. We're now hitting the support area (resistance from April 22), so as long as that holds we're still buyers, and given the rejection of 131.5 indicated by the Pinbar signal, (see below for how to trade the pin bar), we're now waiting for a pullback into that support area to buy back up into the long term channel. There are three profit areas marked on the charts, each one a fibonacci level highlighting the historic price action levels of confulence and potential unpredicability (which is why we take some profit). There is a 6:1 ratio outcome for this long term uptrend on the daily chart, twice my minimum entry ratio to consider a trade to be viable in order to gain a profit.
Long
by CBMotivation
4
USDJPY: Buying On RetracementUSDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 140.33 - 143.49 Support Area Price Action: The Bullish Pin Bar Signal that had formed on Tuesday, Oct 18th has now been invalidated. Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, weekly newsletter and hopefully some traders got on board). Potential Trade Idea: We are considering buying on a retracement lower and after a price action buy signal, within or just above the 140.33 – 143.49 short-term support area, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
Long
by UnknownUnicorn393254
1
USDJPY Uptrend to ContinueUSDJPY finally saw a nice break up after ranging between the prices of 144.000 to 145.800 for about 3 weeks. Friday's CPI and unemployment data release triggered the pairing to push up past 147.000 and I expect the bullish momentum to continue, the dollar is strong. I have based my analysis on the last time UJ saw these prices in May 1990. If the price can push past support 148.850 it could open targets 149.060 | 149.660 | 149.950 | 150.350 and resistance price 151.000 . Be sure to like this post and let me know what you think in the comments below.
Long
by DollarYenQueen
1
USDJPY: Buying On Retracement USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 141.49 Support Level Price Action: Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, members weekly newsletter). Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal, whilst price remains above the 143.49 short-term support level, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
Long
by UnknownUnicorn393254
2
USDJPY: Bullish Pin Bar SignalUSDJPY – SPOT: Buying On Breakout Higher Of The Nose Of Ultra-Small Bullish Pin Bar Signal Price Action: Price formed an ultra-small Bullish Pin Bar Signal late last week. The recent Bearish Fakey + Small Pin Bar Setup that had formed on Monday, Oct 3rd failed (We did not consider trading this Setup). Potential Trade Idea 1: We are considering buying on a breakout higher of the nose of the current ultra-small Bullish Pin Bar Signal (Please note if the market gaps up at the open, we will wait to enter on a pullback). Potential Trade Idea 2: We are considering buying on a retracement lower and after a price action buy signal, at or just above the 139.40 short-term support level, which concedes with the recent Inside Bar Breakout that had triggered on Tuesday, Sep 6th.
Long
by UnknownUnicorn393254