USDJPY: Bullish Pin Bar + Inside BarUSDJPY – SPOT: Buying On Breakout Of Bullish Pin Bar + Multiple Inside Bar (Combo Setup)
Price Action: Price had been forming a Bullish Pin Bar + Multiple Inside Bar (Combo Setup) since late last week.
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board).
Potential Trade Idea 1: We are considering buying on a breakout of the current Bullish Pin Bar + Multiple Inside Bar (Combo Setup).
Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active).
Usdjpybuy
USDJPY H4: Bearish outlook seen, further downside below 137.50On the H4 time frame, prices are facing bearish pressure from the resistance zone at 137.50 which lines up with the 78.6% Fibonacci retracement level. We could see a reversal below the 137.50 resistance zone to our support zone at 135.50 which is also the graphical support zone and 38.2% Fibonacci retracement. Stochastics is testing resistance as well supporting the bearish bias.
USDJPY – SPOT: Bullish Pin Bar SignalUSDJPY – SPOT: Buying On Retracement Whilst Above Bullish Pin Bar Signal
Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal).
Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board).
Potential Trade Idea 1: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active).
Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd (Currently Active).
USDJPY - BuyExpecting USDJPY to continue long after reaching yesterday's resistance price of 136.170 .
Current analysis is based on the last time the pairing reached current prices at the end of last month.
Buy Entry: 136.170
Targets: 136.440 | 136.660 | 137.000 | 137.200
Resistance: 137.500
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USDJPY still bullish.A few words about the current market. Two weeks ago I wrote:
The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out.
Yes, we are still in that trade, everybody hates it (including me), because fundamentally we shouldn't be. But we see it everywhere:
The market is ignoring hawkish Fedspeak
It's ignoring hawkish data (NFP last week)
It's rallying on dovish data ( CPI this week)
Sector performance is reflationary, high-yield spreads are narrowing, breadth is strong, the Aussie is performing, Commodities are off lows and so on
I still don't believe it's going to last, but for now it is what it is. So, again I reiterate my main message from the last two weeks:
Strong opinions, weakly held. Being nimble. Trading the market, not expectations. That's going to be even more essential for the coming weeks.
USDJPY - Buy ContinuesYesterday's resistance of 135.200 has been reached.
I expect USDJPY to continue long, and have based my analysis on the last time the pairing reached this price point which was last month.
Buy Entry: 135.350
Targets: 135.580 | 135.720 | 136.000
Resistance: 136.170
Trade safely, and don't forget to account for volatility today due to the release of FOMC minutes.
And be sure to like this post and let me know what you think in the comments below.
USDJPY near to complete its correctionHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about USDJPY
We can see a market break its strong resistance in D1.
So we are expecting a strong fall near resistance.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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USDJPY Hourly Levels - LongUSDJPY will continue long after the price jump during London's opening session.
Based on last week's hourly charts:
Buy Entry: 134.450
Targets: 134.520 | 134.620 | 134.730 | 134.860 | 135.000
Resistance: 135.200
The market is expected to be volatile today due to the release of the FOMC minutes, so trade safely and be sure to trade in smaller increments to avoid swings and set stop losses.
Be sure to like this post and let me know what you think in the comments.
is this the final push before we switch over to a down trend? get your lost size out it's time to trade!!!
risky buy here but usdjpy has potential to close green for the week
could be the last push to 135-136 region before we enter a down trend
the 2 weeks is say sell so we should keep that in mind and risk appropriately
entries :
set pending buy at 133
when price goes below 133 we can look for more buying opportunities
stop loss is 132.5 or less
if selling pressure increases after it breaks 133 or it is reacting negatively to payroll news
> we can either reconsider or commit to the trade
tips:
risk appropriately based on the amount of confidence or confluence you have on your trade
never over trade or over risk, the market is full of opportunities.
USDJPY: Inside Bar PatternUSDJPY – SPOT: Buying On Breakout Of Inside Bar Pattern
Price Action: Price formed an Inside Bar Pattern overnight.
Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading the breakout of this pattern in the August 5th members' daily newsletter).
Price moved higher from the Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week (We suggested trading this signal in the August 3rd members' daily newsletter).
Potential Trade Idea 1: We are considering buying on a breakout of the current Inside Bar Pattern.
Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Potential Bullish Fakey Setup.
Potential Trade Idea 3: We are considering buying on a retracement lower to within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week.
USDJPY H1: Bullish outlook seen, further upside above 134.500On the H1 time frame, prices are holding above an ascending channel and approaching the support zone at 134.500, in line with the 38.2% Fibonacci retracement and ascending channel’s support. This presents an opportunity to play the bounce to the next resistance target at 136.20. Prices are holding above the 50 EMA as well, supporting the bullish bias. Failure to hold above the 134.50 support zone could see prices push lower to the next support zone at 133.50.
USDJPY BUYOn the daily time-frame the USDJPY rejected off a major support area. The USDJPY is trending up on the 1hr time-frame. We wait for pullback after breakout and enter trade on formation of reversal candlestick which this case it is a bullish harami.
We space out stop loss and let the trade run until we find a good exit signal.
USDJPY - Buy/Long at Pullback/Support - Uptrend ContinuationUSDJPY Buy/Long
Buy 134.385
Looking to buy at this level to see the continuation of the uptrend, this could be a good pull back level and this buy zone is previous resistance which could turn support. Also lines up with the 0.382 Fib level, (0.50 Fib Level is also covered by our stop los), should price decide to hit that.) After Fridays NFP results, US printed stronger than expected employment figures so I think we will continue to see bull strength.
Stop: 133.828
Stop has been set at this level, i have given the 0.382/buy zone some breathing space, also as mentioned previously 0.50 fib level is covered within this stop area. if price hits stop I would no longer believe price is respecting this zone and would look for another buy opportunity at 133.00 level.
TP: 136.630
Take profit has been set at 136.630 - this is a key Daily support/resistance area. Look at moving stop to break even and trailing profit.
USDJPY: Inside Bar PatternUSDJPY – SPOT: Inside Bar Pattern Breaks Higher
Price Action: Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading this breakout of this pattern in the August 5th members' daily newsletter).
Price moved higher from the Bullish Tailed Bar Signal that had formed early last week (We suggested trading this signal in the August 3rd members' daily newsletter).
Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the most recent Inside Bar breakout.
Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Tailed Bar Signal.