Lesser Long PositionKing W. Harbmayg's Journal Entry #29
Lesser Position
1. Pair & Position:
USDJPY— 1:5 RR
Long—
according to the Harbmayg Schematic, the market has successfully:
a. aligned with the daily template,
b. liquidated the lows,
c. printed morning star pattern
2. Performance: (1 out of 5)
Confidence— 5
Discipline— 5
Execution— 5
Usdjpylong
The Ultimate Inflation Hedge Awaits! BTC or Gold?Today, we will dive into the age-old debate: Is it gold or bitcoin that reigns supreme? Get ready for a wild ride!
We all know that inflation can be a real buzzkill, eroding the value of our hard-earned money faster than you can say "portfolio meltdown." So, seeking refuge in assets that can weather this storm is natural. But which one should you choose? Gold, the classic go-to, or Bitcoin, the shiny new contender?
Let's start with gold. Ah, the timeless allure of this precious metal! For centuries, it has been the epitome of wealth and stability. Its physical nature and scarcity have made it a trusted store of value, a bedrock of financial security. But here's the plot twist: gold's performance in recent years has been a bit lackluster. It's like the steady, reliable friend who's always there for you but somehow never quite dazzles.
Enter Bitcoin, the enigmatic superstar of the digital world. This cryptocurrency has taken the financial realm by storm, capturing the imaginations of tech-savvy investors everywhere. With its decentralized nature and limited supply, bitcoin has become a symbol of rebellion against the traditional financial system. It's like that edgy, unpredictable friend who always keeps you on your toes.
But here's the kicker: bitcoin's volatility can make even the most daring traders break out in a cold sweat. Yes, it has had its moments of glory, soaring to unimaginable heights. Yet, it has also experienced gut-wrenching plunges that can leave you questioning your life choices. So, is it the ultimate hedge against inflation or just a wild rollercoaster ride?
Now, brace yourselves for the unexpected twist in the tale! We present an alternative that might blow your socks off: USDJPY, the forex pair quietly dominating the inflation hedge game. Buckle up, folks, because this one's a game-changer!
The USDJPY forex pair, a combination of the US dollar and the Japanese yen, has been a powerhouse performer when it comes to hedging against inflation. It combines the stability of a primary currency with the potential for substantial gains. The Japanese yen, renowned for its safe-haven status, and the US dollar, the world's reserve currency, create a formidable duo that can weather the storm of inflation like no other.
So, dear traders, it's time to take action! Don't just sit on the sidelines, wondering which asset will reign supreme. Invest in USDJPY and seize the opportunity to maximize your returns while hedging against inflation. It's time to step out of the gold and bitcoin bubble and embrace the surprising potential of this forex pair.
Join the USDJPY revolution today and let your trading prowess shine like never before! Take a leap of faith, and you might discover the ultimate inflation hedge you've been searching for.
Invest in USDJPY now and unlock the untapped potential of the ultimate inflation hedge!
USDJPY TRADE IDEAHi all
I'm looking for a long opportunity in the USD/JPY to finish the wave 5.
Good Luck to all
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
USDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from 1H bullish order block + institutional big figure 141.000.
Fundamental analysis: On Thursday will be released monthly and yearly CPI in USA, if the result is positive it will support our analysis.
Like, comment and subscribe to be in touch with my content!
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe BOJ's decision to adopt a more flexible bond yield approach indicates a potential shift away from its ultra-dovish stance. Under this approach, bond yields will be allowed to fluctuate beyond the previous target range. The economic landscape was further impacted by surprising data on Friday, indicating that inflation in Japan's capital exceeded expectations during July, adding an element of complexity to the current situation.
Despite these developments, the outlook for the Yen faced some headwinds due to the release of robust second-quarter U.S. GDP data. The stronger-than-expected economic performance raised expectations that the Federal Reserve will have the necessary economic space to continue its path of raising interest rates. However, this scenario poses challenges for regional currency units, including the Yen.
With no high-impact events expected from Japan's economy in the upcoming week, all eyes are now turned toward the economic indicators from the US economy. Traders will closely be monitoring these indicators for signals that can provide insights into the likely direction of prices.
USDJPY Technical Analysis:
In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 141.000 and 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines and key levels. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
USDJPY: The return of USD and the bad things of JPYAs Japanese authorities implement measures to safeguard the currency, USD/JPY experiences slight declines around 143.20 on early Thursday. The movements of this Yen pair are influenced by a combination of cautious optimism in the market and the US Dollar's retreat before several US economic indicators are released.
Earlier today, Kazuo Ueda, Governor of the Bank of Japan (BoJ), indicated an increased tolerance range for benchmark 10-year Japanese Government Bonds (JGBs) from 0.5% to 1.0%. This action has resulted in JGB yields reaching their highest point since 2014.
Yen Hits 20-Year Historical Low with Loose Monetary Policy
The yen has just hit a 20-year historical low due to the implementation of loose monetary policies by the Bank of Japan. This development has significant implications for traders like yourself, and I firmly believe taking immediate action to safeguard your investments is crucial.
The Bank of Japan's loose monetary policy, aimed at stimulating economic growth and combating deflation, has sharply depreciated the yen. This depreciation trend is expected to continue in the foreseeable future, making it an opportune time for astute traders to consider adding yen to their long-term investment portfolios.
While this may seem like a lucrative opportunity, it is essential to approach this situation with caution. Currency markets can be highly volatile, and it is necessary to thoroughly analyze the risks involved before making any investment decisions. Therefore, I encourage you to consider the following points before taking any action:
1. Seek Expert Advice: Consult with financial experts or trusted advisors who deeply understand the currency markets. Their insights can help you navigate the potential risks and rewards of investing in the yen.
2. Conduct Comprehensive Research: Carefully analyze the current economic landscape, global market conditions, and geopolitical factors that may impact the yen's value in the long term. This will enable you to make informed decisions based on a holistic understanding of the situation.
3. Diversify Your Portfolio: While adding yen to your long-term investments can be advantageous, it is crucial to maintain a diversified portfolio. This ensures you mitigate risks and maximize potential returns by spreading your investments across different currencies and asset classes.
4. Set Realistic Expectations: Remember that currency markets are inherently unpredictable, and exchange rates fluctuate rapidly. Avoid making hasty decisions based solely on short-term gains and focus on long-term strategies aligning with your investment goals.
In conclusion, the yen's recent historical low presents an intriguing opportunity for traders to diversify their portfolios and capitalize on potential long-term gains. However, it is essential to approach this situation with caution, conducting thorough research and seeking expert advice before making any investment decisions.
Please note that this is not intended as financial advice but as an informative alert to keep you abreast of recent market developments. The investment decision should be based on your circumstances and risk tolerance.
If you have any questions or require further information, please do not hesitate to comment
USDJPY LONG I was stopped out at break even on this trade but my bias is still long, the two scenarios that I would look to get back in;
1. Now that the 4H has closed I would look for a break and retest above blue zone
2. the 4H candle rejects of the level ( 141.941) and closes within structure and will look for an entry on a smaller time frame.
USDJPY: Today with PMIIn an effort to achieve a consistent inflation rate above 2%, Governor Kazuo Ueda of the Bank of Japan (BoJ) has introduced increased flexibility in the Yield Curve Control (YCC), while maintaining negative interest rates. This move is indicative of the central bank's intention to create a roadmap for transitioning away from its ultra-loose monetary policy.
Simultaneously, there has been a positive shift in market sentiment as evidenced by the recovery of losses in London and subsequent upward turn in the S&P500. This indicates a significant improvement in risk appetite among investors, leading to heightened demand for technology stocks and overall bullish sentiment towards US equities on Friday.
USDJPY I Daily forecast and execution planWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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USDJPY Long Term Selling Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. 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 BUY OUTLOOK
- This buy setup is based off the weekly &
daily timeframe.
- On the higher time frames, such as Weekly and
daily, UJ is bullish.
- Price formed a break & retest on daily and 8H timeframe.
- Also, we can see in more detail on 1h & 4H,
that price formed a strong support and sustained it.
- The 1st entry could've been on 5m after price formed a bullish
engulfing off support.
- Furthermore, price formed a gravestone doji @
reisistance, which could've been the 2nd entry.
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese economic docket reveals that consumer price index (CPI) inflation remained stubbornly high through June, despite government measures to curb prices. This has raised the possibility of the Bank of Japan (BOJ) tightening monetary policy. However, BOJ policymakers are cautious and prefer to analyze more data to ensure sustained growth in wages and inflation before making any changes to the yield control policy. Reports indicate that there is no consensus within the central bank, making the decision a close call. Nevertheless, recent reports suggest that the BOJ may lean towards maintaining its yield curve control (YCC) strategy in the upcoming policy meeting.
With Japanese inflation staying above the BOJ's target, there have been speculations about the central bank potentially abandoning its yield curve control program, a move that could strengthen the yen.
On the other side, the US dollar has made a sharp recovery from 15-month lows ahead of a Federal Reserve meeting, leading traders to seek safe-haven assets. The market remains uncertain about whether the Fed will signal a pause in its rate hike cycle despite the expectation of a 25 basis points interest rate hike.
As we shift our focus to the upcoming week, all eyes are on high-impact economic features from both the US and Japanese economies that could significantly impact the USDJPY market.
USDJPY Technical Analysis:
In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is on the key level of 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around the 142.000 area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines and key levels. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
USDJPY going up on continuation After a hammer candle stick, this was a reversal sign that we might be going up. since we got a morning star candle stick formation coming up, we anticipate a completion of a pattern going up as a continuation to approaching level of resistance at 142.00 .
Buys should be active as soon as the bullish candle closes above the candle previous to the doji , and break the bullish pattern seen .
USDJPY to turnaround at 50% retracement?USDJPY - 24h expiry
Bespoke support is located at 139.60.
A Fibonacci confluence area is located at 139.60.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
There is scope for mild selling at the open but losses should be limited.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 139.72 (stop at 138.98)
Our profit targets will be 141.50 and 142.10
Resistance: 140.74 / 141.50 / 142.10
Support: 139.72 / 139.37 / 139.03
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USDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 140.000.
Fundamental analysis: Tomorrow will be released Interest Rate in USA, followed by FOMC Press Conference. If the result is positive for USD it will support our analysis.
Like, comment and subscribe to be in touch with my content!