Hawkish fed, lagging BOJ. Bullish for USDJPYThe wave 5 is incoming for the USDJPY. A hawkish fed plus a lagging BOJ is the perfect formulae for this to happen. This correction is great for a buy and we ride the wave 5 impulse to 120.
Usdjpybuy
USDJPY LONG/SHORTUSDJPY is currently at a very crucial level.
It is facing a rejection from the previous resistance zone.
For LONG :- One can enter it once it closes above 116.5 in Daily TF for target of 118+.
For SHORT :- One can enter around 115.5 with a SL of 116.5 for target of 113 (SAFE TARGET).
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
USDJPY: Breakout Trap ⚠️Have buyers been lured in with a clean breakout creating support? It is a possibility.
If this is the case, I would like to see some sells from this region.
The ideal entry would be on the pullback after the BOS but aggressive traders could consider this region.
For this sell to work, price cannot pass the high marked or the setup will be invalidated.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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27 Oct - USDJPYPrice is on a massive weekly support, so i'm considering go long on this pair.
This is a long term trade.
This is not a financial advise, please follow an appropiate risk managment.
GBPJPY will it hold?This 155.214 level for the GBPJPY is extremely crucial? Will it hold for more sustained upside or will this range bound trading continue? I am slightly bullish to the upside for one last blow off top. But there are other pairs that have clearer direction. If you'd like to enter a trade, control your risk and expect price to turn against you. I'd personally long 155.214 at less than 1% of my account size and ride it to 160.
USDJPY more upside to come. The dollar yen is trading in its wave 4 range, lurking in the dark to pounce onto the wave 5 impulse. I think the fed's decision on rates may surprise us in the coming weeks leading to a strong dollar rally and a sell off in risk on. Short term, the 113, 112 or even 111 are in play before this upside. We are expecting wave 5 to test 120. Trade safe!
USDJPY | Update | Next Move? USDJPY has been following parallel channel by its heart and core. We were long when it was at trendline support (Check USDJPY chart) and attempted short from the horizontal level (Check Chart).
Currently we are expecting it will take a hit once again from horizontal level and price will come down. Alternatively price can break the resistance and test the channel top. To take the right trade wait for the price action and candle stick.
Trade your levels accordingly
USDJPY SELL & BUYHello traders. I expect the price to fall to the bottom of the channel again once the ascent and intersection with the roof of the descending channel to complete the fourth wave. Then get ready for wave five. Are you agree?
More upside for USDJPY. More upside to come for USDJPYA short correction down to 114.4 and then more upside to come for USDJPY. This wave will be impulsive and may break the top of the channel. We will start to take profit around that region at around 117.
Trading Idea Regarding USDJPYInshallah, This Pair is going bullish from now
1-Got Raising Support( Trend Line Support)
2-Double Bottom Chart Pattern
3-Divergence which is the indication of possible reversal of downtrend
USDJPY BUY ANALYSISBuy on USDJPY
Price breakout of the trendline
Price rejected at strong support level
More downside coming for the USDJPY.There will be more downside coming for the dollar yen in the coming weeks and I expect price to get some support and start consolidating around the 112.8 levels. All eyes are on the fed's meeting next week. Their stance will determine the next course of action from there. If you are not in the short , you can wait for a pullback and a quick scalp down to the 112.8.
USDJPY SetupUSDJPY is trading in a bullish parallel channel and it following it by all means. Recently it has taken support from the rising trendline and we are expecting bulls are active from the said zone.
A good bounce is expected in the price of this pair.
Trade your levels accordingly.
H1 LONG SIGNALUSDJPY LONG
USDJPY expected to go into buy at 114.700 price point based on previous trends
Entry: 114.750
TP 1: 115.300
TP 2: 115.750
SL: 114.000
USD/JPY 4HR BUY TRADEHi TRADERS this is my trade set up for the USD/JPY for the new week ahead
USD/JPY DRAGONFLY DOJI on the daily chart so after a big trend down we should have a nice reversal for a long trade
so i will be looking for a pullback to order block zones to take a buy trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
Wave 5 complete and we gonna see more downside for the USDJPY?Is wave 5 complete and more downside to come for the USDJPY. We think this is unclear at this point of time and we should be seeing some kind of choppy wave action at these levels with a bias to the downside. If you want to trade the dollar yen, go for quick scalping trades with a bias towards shorting the top of the range.
BEAR CASE
If you manage to enter for a short at market opening next week, the pair is good for a short.
BULL CASE
Going for longs here is like catching a falling knife. I'd be cautious for longs until a clear range is formed.
USD/JPY BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
USD/JPY:Swingtrade-Execution
Market-Buy-Order: 114.415
Stop-Loss: 114.145
Point of Risk-Reduction: 114.725
Take-Profit: 115.455
Stop-Loss: 27 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USDJPY / LONG ONLYMore buys until price reaches the retest area then I see a BIG SHORT coming.. only time will tell, need to wait for confirmation before the big move happens
USD/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/JPY for the new week ahead
USD/JPY I believe will carry on its continuation in a buy market first it will need to ride down a little hopefully into the order block zones lined off on chart
so i will be looking for a drop to the order block zones and to take a buy trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
USDJPY short now or later? An overdue dip is looming for the dollar yen. Is this the point where we see some kind of correction downwards or do we have to endure another dump to the downside before this can happen? I think if the price structure breaks down from here, we should see some support at around 113. I don't think this structure is complete for a complete reversal. There's still a bullish overtone for US dollar. The 120 level is totally possible before the bull run ends for the us dollar.
USDJPY POSSIBLE LONG Clear descending triangle pattern. Pair will likely breakout on the upper side since its already in an uptrend.
USDJPY: Compression PhasesThis pair has been in the process of collecting liquidity between the strong supply and demand zones.
You will see that small ranges and compression points have been created to lure both buyers and sellers into the market.
We won't truly know what price wants to do until it reaches the main supply I have marked out.
Once this zone is met, we can investigate the reaction and see if sellers are ready to take over.
