Usdjpybuy
USDJPY BUY/LONG 4HR Divergence + Huge WickIn this trade there are multiple confirmations for the USDJPY BUY/LONG:
USDJPY:
Divergence on 4hr
Huge Wick On 4hr
Bullish Engulfing on Daily
Reversal Pattern Near Previous Reversal Spot On Daily(Bullish Engulfing)
Indexes:
DXY(US DOLLAR INDEX): Showing Signs of Strength
JXY(JAPANESE YEN INDEX): Showing Signs Of Weakness
Use proper risk management
ALL GLORY BE TO THE MOST HIGH!!!
USDJPY approaching resistance, look out for potential reversal!
USDJPY is approaching its resistance at 106.638 where it is could reverse down to its support at 106.238.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDJPY BUY IDEA** JUST AN IDEA. NOT A SIGNAL **
I look to see a bullish behaviour from the trade to about 107.420.
Momentum has been lost over the few days however we can see a pattern is forming.
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USDJPY Analysis FOR SHORT TERMThe level price of USDJPY is evolving under the VWAP, each time the price approach the VWAP, it goes back to the hallway fixed by the Pitchfork indicator.
Until now, signs show that USDJPY is going down FOR SHORT TERM.
A change could happen once we have an increasing break of the VWAP, and the resistance of pitchfork indicator.
USDJPY
USD/JPY Trading Idea BullishHello Traders
USD/JPY Price is holding between .50 and 61.8 Fibonacci level. Middle line of the channel and 200 SMA are acting as strong support level. I think price will .618 level @ 107.451 and then will reverse. RSI and Stochastic are oversold .
If Market holds .618 level and reverse to the upside profit targets will be between 109.00 and 111.00