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Usdjpylongsetup

USDJPY - Tracking Minor Waves - Get Ready - Learn - UnderstandThis is a follow up video to the one posted over the weekend. This video is about making yourself question your knowledge and confidence in what you do. We are close to seeing the start of this historic move. Make sure you listen carefully to what I say because it will help you in more ways than one. See the related ideas below, get familiar with this analysis. Don't trade blindly. Please LIKE and FOLLOW to get notification of updates and future posts.
Long
by AriasWave
2
4H Bat Pattern @ Support [Ranging] - Potential Bullish Bat harmonic pattern to complete at support - Support defined by a price action range that began in early August - Past Support established on 8/5, then held on 8/6 and 8/18. - 4H Candles - Long opportunity: reward to risk of roughly 1.14 to 1.0 (including spread on entry, take profit, and stop loss). - Potential Reversal Zone (PRZ): - PRZ < 12%* - 1.618 AB=CD - 1.41 BC Ext. - 0.886 XA Ret. - Potential for Oversold on RSI - Potential Bearish Bat on opposite side of range: - If Subject Bullish Bat completes and take profits are hit,I'll be looking to enter a short pos'n at the completion of the Bearish Bat if price can reach the top of the range. !!!!! IF YOU TRADE HARMONICS, READ THE ORIGINAL BOOK BY CARNEY. ALMOST ALL INTERNET EXPLANATIONS ARE INCOMPLETE !!!!!
Long
by Wil8Maltby
1
USDJPY 240 Pips drop expected will it reach 103.00 level ?USDPY ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣Clear Downtrend since July-2020 2️⃣ 104.00 Acted as dynamic support and resistance 3️⃣ Risk off mode and Rising of virus infections, US 2020 election 4️⃣ 105.00 Key psychological resistance 5️⃣ Price Movement within the broader Downtrend channel 6️⃣Counter trend line will act as resistance 7️⃣ Technical support - Bear 8️⃣ Short term bullish movement towards 105.500 9️⃣ October high Immediate resistance 🔟 DXY-awaiting US election results - Currently neutral for USDPY #️⃣ Overall bearish trend —————-❇️——————- 📉 Technical bias-H4-Bearish Below 200 Exponential moving average 200EMA acting as immediate support - Bearish trend Possible entry point-105.500 Relative strength index - Around 60 well above the neutral area MACD- Is still above the line and about to cross the line and the histogram is fading ,Oscillators are still upward Stochastic -at 75 Which is over bought territory and bearish divergence has formed in H4 Ichimoku cloud -cloud is red-Cloud Support-Bear Bollinger band- Price is around higher band-Middle band will acting as dynamic support/resistance —————-✳️——————- Key reversal area's 104.00 Key psychological level 106.150 October month high 105.500 Dynamic support and resistance 105 Key psychological level-Major key reversal area 103.00 Lower trend line reversal area 105.500 Possible entry- Bearish 105.500 Break and retest around this area-Alternative entry-Bullish —————-✳️——————- Bearish entry #USDJPY Entry price - 105.500 Take profit 01 - 104.800 (70 pips) Take profit 02 - 104.100 (140 pips) Take profit 03 - 103.100 (240 pips) 🚫 Stop lose 105.940 (45 pips) Alternative bearish entry-105.700 ( Break and retest ) ⬇️ 2.14% Growth expected ⤴️ Account growth 0.56 : 2.14 ✅ Risk reward ratio 1 : 3.8 —————-⚜️——————- Push the like button , And cheer up if you found useful
Short
by forexorbit