Usdjpydaily
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPYhello Traders
Here we are expecting a USDJPY Short trade idea. push like And keep us going ,
usdjpy - it may be reverse from here so we are looking for short
- Now the current price is approached towards strong area and where i am expecting reverse and there is no need to wait .
waiting for dollar weakness
SHORT
Why are we entering?
- Expecting JPY strength and USD weakness
- Price broke the ascending trendline = bearish
Entry
now is a good time
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- TP: 112.200
Is the wave 5 completed for USDJPY?Is the wave five impulse completed for the USDJPY or will we see one more fake out to the upside to catch traders the wrong side? We're neutral about the price action at this point
BULL CASE
Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around 111.
BEAR CASE
Price could be ready to move down from here, If this happens, we're looking at the 112.7 levels before some support is met.
USDJPY FALL ! DONT MISSHi all
At the end of my analysing i get that the xxxjpy pairs are going to fall shortly
and the dxy has high probability to get down (reverse)
so (xxxjpy short+dxy reverse)=fall?
i missed a oppurtunity to sell the usdjpy that i am texted on the post
give me some motivation in the form of Thumbsup