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
Usdjpyidea
USD/JPY New Analysis And Free 200 Pips Ready To Take !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 - Buy Entry - H4 ChartUSDJPY - Buy Entry - H4 Chart
Buy @ Beak of 109.960
Recommended Risk - Stop Loss @ 0.5% to 1% of your Account Balance
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🔺 DISCLAIMER
🔺 The content of this analysis is subject to change at any time without notice.
🔺 It is provided for the sole purpose of assisting traders to make independent investment decisions.
🔺 You must do your own research to create your own trading plan for the market.
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USD/JPY Made A Lower Low And A Sell Entry Available 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
USD/JPY New Analysis And Free 200 Pips Avialbe 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 – New Week Analysis – 5-Apr-21
📈 BUY ZONE – 109.993 to 109.493
🔷 Take Profit 1 - 110.193 (20 Pips)
🔷 Take Profit 2 - 110.493 (50 Pips)
🔷 Take Profit 3 - 110.993 (100 Pips)
⛔ Exit / SL - 108.993
There is potential for the price move higher after the pullback. The price might reverse at 110.000 if it hold the position or reverse within the BUY ZONE. If the 4 hour closing price is below 109.500 then prepare to EXIT this trade and this set up is VOID. (There is no changes from last week analysis)
USDJPY top-down analysisHi Guys, here is a full top-down analysis for this pair. I would advise you to watch price action for this pair in an important supply and demand zone to see if the conditions of our strategies is being satisfies or no.
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USDJPY Hit All Targets +85 Pips 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
USD/JPY +40 Pips Now 0 Reversal 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
USD/JPY Finally Close Above Our Res Area And Long Setup Now!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 long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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USDJPY Broad falling wedge leads to the bullish runUSDJPY
Because of the broad weakness in USD this pair has visit some south extreme and due to the final quarter and year end fixing and selling of USD is also acted as good fundamental factor to short this pair. USDJPY has reached around 102.00 and got some rejection at this level and this level was currently acting as year(2021) low. We can see a series of broad falling wedge pattern in this chart which is a clear sign of bullish trend and we have identified some triangle breakouts too. Interms of
average daily moving of major pairs USDJPY is lagging behind the counterparts Positive risk sentiment will not favor the JPY. Recent vaccine developments and smooth political transition in USA will give a positive hope for the whole economy and the economic figures are much improving in recent months and the number of peoples who are claiming the unemployment benefits has in declining trend. The FED has reiterate the they will not hike the interest rates until the inflation is well
above the 2%. This is average inflation targeting. DXY is also turned positive. More bullish run was expected in USDPY.
USDJPY Technical Analysis ApproachDuring this mark up, I will be providing you with a visual break down of my prediction of USDJPY! Before you take a look at this mark up, please be sure to understand that everything is color coordinated to make it easier for you to understand my prediction and perspectives of the market.
Listed below are the steps to my prediction…
1. Yellow Trend Line = Support and resistance mark up.. Helping me identify which way the mark is trending
2. Green Lines = represents the higher highs and higher lows of the market. ORRRR the lower highs, lower lows.. But in this example, it's HIGHER HIGHS, HIGHER LOWS
3. Blue = The kill zone. Where I am looking for price to make its move. Previously at 109.368 there was a massive drop to the downside.
4. Pink Box = It is a bearish candle that represents where price pushed up, testing the highs BUT!!! Ended in a more bearish position. Following a lower low, lower close of the next bearish candle.
After switching from the 1-hour time frame and viewing the RSI on the 1-day time frame, the RSI is reached the overbought conditions of the market which is a big indication that price could reverse into a sell. You can either wait until it breaks the kill zone (which consist of being disciplined and patient) or follow your own trading analysis that you think is right..
If you have any questions about my mark up, please be sure to leave comments below and I will answer your questions as quickly as possible.
Thank you!