USDJPY bulls back in action this week??Stopped out at break even on USDJPY and will be just watching this pair for atlest the start of the week. If price can reject that support at 113.500 I will be looking for buy trades but if price breaks that area ill be looking for continuation shorts... If price can breakout to the upside through that 114.500 area Ill be looking for continuation longs, but for now I'm just waiting for this consolidation to end and more direction to follow!
Usdjpylongsetup
UsdJpy- To break flag's resistanceAs I said in my previous analysis regarding UsdJpy, I'm strongly bullish
At this moment the correction from the recent top seems to be over and the pair is ready for a new leg up
The confirmation comes once the flags resistance s break and we can see UsdJpy above 115 soon
A drop under 113 invalidates this scenario
USD JPY MAY GO LONG. (23rd November 2020).Disclaimer:- Educational Analysis says USDJPY may go long According to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Long?
Because the 4 hr trendline(backline) is been respected twice and may test third time before going long or 15 min Consolidation of (Red Line) will break and go long. There are buyers waiting at that buy stop order value which may skyrocket this pair.
For Additional Confirmation on this trade, You can wait for consolidation to break and wait for price action pattern may be morning star or two green candles or at least bullish engulfing for the price to go long.
USDJPY Buy setup for coming weekThe pair appears to have broken to the upside from the current corrective structure presenting us an opportunity to go long when the price retreats before the next move up begins, right now any dips look opportunities to go long, if this is the start of a new lag up or part of the larger corrective remains to be seen but we can target the July high's around 111.50 to take profit on any longs. The weekly is giving a lot of weight too for longs.
USDJPY: Falling Out of The Sky?This pair is ready to fall out of the sky if you look at it from a money distribution perspective.
I assume the last run of liquidity was to capture orders from the demand area, now we have collected them, we can collapse to the downside.
I will be looking for slight pullbacks before I get involved in shorts.
What are your thoughts on this analysis, comment below.
USDJPY ANALYSISJust as our last analysis stated, we saw the sharp drop on this pair on Friday last week.
Coming into this week, price traded into a daily level of support and started showing some rejections.
And so with the impact of the current USD news, the dollar became strong.
Now, we see bullish momentum stepping in to push price.
As we have broken out of the recent region, we expect a pullback to lock us in for sells. We want momentum to be in our favour.
Wednesday: USDJPY - Week 32Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Tuesday: USDJPY - Week 32Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
UsdJpy- New high is probable on medium termAfter making a high around 112 at the beginning of July, UsdJpy has started to drop.
The drop is clearly corrective in nature and is contained in a flag pattern.
2 days ago a bullish engulfing candlestick pattern has formed and this can be an indication of a bottom.
I;m bullish as long as the price is above 108.75 and buy dips is my strategy