Usdjpyidea
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.
UsdJpy- Lower high in placeAfter a bearish Pin Bar in 115.50 zone resistance followed by another bearish long-tailed rejection candle, UsdJpy has dropped under the important 115 figure.
At this moment we can consider that a lower high is in place and expect continuation to the downside.
Rallies above 115 should be sold and bears could target 112.50 support zone.
A daily close above 115.50 would negate this scenario
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.
USDJPY, splendid trade closed in ProfitHello everyone and congratulations to those who yesterday closed this trade with TheCyclicalTrading in gain !
Many of you dumped your positions at 38.2%, you got the most out of this trade, congratulations; others have closed part of the lots on the support at 114.23 and the rest on the Stop profit, that's fine; all with different strategies, and all profitable if applied to the cyclic method , you are all really good, I am proud of you . :)
What do we expect from the USDJPY now?
This is graph W1 for a broader perspective:
The five- year cycle has just begun , and a sell signal has entered just where we have this latest profit, but it's just a pullback on the weekly.
We may see the price reach 125.50 by the end of 2022, with more short signals from which medium-term trades can emerge, but the big cycle commands and is bullish.
However, we will continue to follow him in H4 with the semester and we will try to steal every single movement.
For now we just observe and stand still , because there is no Long signal in any of the timeframes of our interest.
USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
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 Sell Trend.!#USDJPY Hello trader, I hope are good and safe. Today I opened the chart of #USDJPY for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #USDJPY will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
USDJPY, watch out for the pullback So far our trade has gone just fine, I would say perfect, but Friday night and this morning he woke up in pullback, and it is right to lower the Stop Profit to avoid nasty surprises.
On the H4 timeframe we are right now on the MML and I hope it is resistant enough to block the bullish impulse, but let's see where to best place the Stop.
Plotting a Fibonacci on the last bearish vector I decided to set the SP at 61.8%, so as to give the price the possibility to go up to a possible 50%.
New Stop Profit Level: 115.25
The US dollar index is more likely to continue declining US dollar Index is heading for deeper losses ahead of US retail sales release . The losses in the greenback has been shown in all its main peers on Thursday. Looking at the technical side, the US dollar Index broke from it's wedge formation and took out the ascending trend line support. With 100 Moving Average ahead of it, we could expect further decline if the moving average is successfully penetrated and thus the bears would eye the 93.380 significant level.
Taking a look at USDJPY, we see that it has also penetrated through the support of the rising trendline. We could expect more bearish momentum in this pair and as bears eye the 100 Moving Average. The RSI shows that the pair is bearish and further weaknesses is more likely.
USDJPY Snapshot👇
If you enjoy this idea please show your support with likes.
USDJPY: 1Hr Analysis on running Short!
On 1Hr timeframe, Price is trading below 115.684 | 115.571 zone where Buyers had chance.
Buyers next chance is at zones 115.493 | 115.279 and 115.449 | 115.170
If Buyers take control, 115.9ish could see retest for advance or decline.
Conservatively, Selling pressure can be looked into following the Daily Idea at
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
USDJPY: Three Take-Profit prices on running Short!
Previous update on analysis quoted reason for executed Short 116.183 Entry. Though 4Hr timeframe slightly differs, Daily has Three price-action prices for Take-profits on running Short.
ie 114.442 | 114.242 | 113.991
Reasons:
112.645 | 114.242 zone is previous Support/Resistance zone likely to see Retest.
114.442 and 113.991 respectively, are 0.5% and 0.618 following Fibonacci Swing Lo-Hi retest zone.
The quoted Three prices, if examined, could give reason to reverse the trade for upside breach at 116.183 for 117.254 | 118.713 zoned targets.
Conservatively, further decline could see tests at zones:
112.873 | 112.440
112.259 | 111.505 &
111.826 | 110.684
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Comment, Follow, (...)
Thank you. Happy Trading.
USDJPY Head And Shoulder Pattern#USDJPY Hello trader, I hope are good and safe. Today I opened the chart of #USDJPY for 15 Min and analyzed it then I see that this chart has made a HEAD AND SHOULDER PATTERN, So I hope #USDJPY will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
USDJPY Reversal Pattern - Turning BEARISH? 3 Options For Entry! Hi All,
As you can see, I am bearish on USDJPY.
I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term.
Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells!
I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you.
Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair!
Have a great and profitable week all!
Cheers,
Gaspar_Trader