Usdjpybuy
USDJPY - FOREX - 10. MAY. 2021Welcome to our weekly trade setup ( USDJPY )!
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1 HOUR
Bullish price action towards main sr level.
4 HOUR
Overall bearish market structure..
DAILY
Expecting more price action towards previous lows.
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FOREX SETUP
BUY USDJPY
ENTRY LEVEL @ 108.750
SL @ 108.410
TP @ 109.540
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
U.S Bond Yield's & Trading EUR/USD, USD/JPY & USD/CHFIn this video, I break down how the U.S Dollar has been strengthening against the EUR. JPY & CHF since the start of 2021 as U.S Bond Yields have been rising due to inflation expectations.
This is extremely important to understand when trading currency markets.
I breakdown this historical relationship using excel spreadsheet examples and live chart analysis.
Enjoy
USD/JPY New Long Setup And Free 250 Pips Ready To Catch ! This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USDJPY H4 FORECAST BUY 1.5R TARGETWe consider to buy this pair because the New Jerusalem Ultimate Band Indicator signal line is very bullish though it suggests that there might be a short pull back and then the price will continue to shoot up before we get stopped out. Also the price has attained a strong support from the New Jerusalem Band Indicator lower line suggesting a strong bullish move awaiting the market to open so that it may continue to manifest. We manage and protect our capital buy using a reasonable lot size and not to risk more than 2.5% of our capital and we open one position only until we hit our profit target. Our exit levels are as shown on the chart. Wish you a successful week ahead.
UsdJpy to resume its uptrend?In yesterday's comment, I said that the long-term trend for UsdJpy is clearly up and the drop from 111 is just a correction.
Yesterday the pair has finished the day very strong and closed above the important 108.30-108.50 important zone, confirming a false break
A small retracement could follow at this point and this could be a good opportunity for bulls to open longs
As I said, 108.30-108.50 is now support, and bulls can have 111 as a target
UsdJpy- Strongly bullish above 108.50UsdJpy started the year strong, changing the downtrend ar reaching 111 zone (an 800 pips gain)
A correction has started from 111 resistance and the pair has dropped under 108.50 support.
I expect the uptrend to resume soon and confirmation can come once 108.50 is broken to the upside
USDJPYAs you see in 4h the ABC correction of elliott wave is over plus it has reached a support level and also we see a divergence in a downtrend RSI.
whenever it breaks its downtrend line we may have a different trend however there is a strong resistance at 108.263
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IF price couldn’t break the resistance level , wait for it to fall and break the support level to the downside and candle closure below this level at 108.800
UsdJpy- Correction over? I'm waiting for confirmationAfter a strong bull run and a touch of 111, UsdJpy started to correct at the beginning of this month and dropped to 108 (Which is also Fibo 50% for the 105-111 leg up)
The drop is contained in a flag pattern and this 108 could be the bottom
I'm bullish this pair and I'm waiting for a buy confirmation