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Usdjpydaily

Great Opportunity To Sell USDJPY ??? Awesome R/R On This Idea!USDJPY has now moved into the key selling area between 136.4 -137.4 this is the actual area that caused the huge sell off down to 130.5 at the start if this month. It was also the area that broke the weekly trend line . We have retraced back to this level pretty quickly meaning it's highly likely we will see large selling action around this area. I will wait for a 4HR or 1HR MacD divergence or a sell signal before entering the position in this area, if the trade triggers can expect a drop back down to 130 or below. My stop loss will be around 138 great R/R on this trade idea If we get a daily break and close above the 138 then can expect a move up to test around 140 which will be a huge interest area
Short
by TheFxAce
USDJPY great trade coming.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.
Short
by xxpqxx999
1
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.
Long
by xxpqxx999
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 ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Short
by Theranasaramd
usdjpy forming a head and shoulder after break outas we can see on the three-day chart, usdjpy is halfway on forming a head and shoulder which I have reason to believe will complete by the next GDP announcement in October. key points: . usdjpy form the left shoulder with the release of 1 quarter GDP(Negative) . price did an impulse sell/buy with fomc meeting in June . july price did another impulse sell with the gdp and fomc meeting takeaways: . market is forming a head and shoulder pattern . 1st quarter gdp (left hand), 2nd quarter gdp(head), ??? 3rd quarter (right shoulder) . the market is reacting sensitive to fomc meetings interest rates and gdp . the us economic slump has triggered a recession outlook: . price should look to buy up most of last week sell then slowly switch over to down trend to complete the second half of the head . price should return to normalcy to continue its pattern which it broke last week due to gdp news . we should see price go as far as 137 however price failed to maintain above it previously and would be key point to consider sell entry . with the 3rd quarter gdp news and interest rates we should see a complete head and shoulder
Short
by shermuelinvesting
2