Usdjpylongsetup
USD/JPY overviewUSD/JPY overview
The price bounced up from key zone 110.905 – 111.12 and hit my S/L yesterday. At this moment I think about but only because when the currency rate bounced from such zones it is a signal for continue of the trend.
I will open Long if the price will make pull beak to key level 111.12
The Goal will be 9 months maximum 114.70
P.S. Push on loke button if you like my idea.
LONG SWING USDJPY OPPORTUNITYEverything is pretty much on the chart. I am posting the 4H (I don't know how to post pictures in my comments, not enough rep I think) to give the bigger picture of the swing but the entry is on the 1H, EMA cross over happening, waiting for next candle close(above).
Trade Safe!!
USDJPY Structure creates trading plan. Since breaking out from the triangle wedge form at a weekly support, traders have chosen the direction for USDJPY.
I would only be interested in positioning buy trades at the zones I've mapped out above.
Trade with smaller lots as trades go higher to reach 112.200, as it goes to challenge the daily supply area.
USDJPY setting up for a deeper correctionUSDJPY almost testing the top of the diagonal-momentum is likely to be slowing which suggesting for a correction to prior lows to then further advance-just keep an eye, and look for sell setups for the prior lows. Plus i do see a head and shoulder pattern forming on monthlies, but anyway keep an eye on this market and lets see.
Happy Trading.
USD/JPY bounced from key zone. If you want to open deal you s...USD/JPY Weekly Overview
7 weeks ago price broke up Range. As you se on weekly chart, when price did it, also currency rate broke up key resistance level 107.94, which become support. Also, 2 weeks ago price bounced up from that key level. For it shows that situation is totally bullish because big players protect key levels.
The best place for open deal is near 109.10. Look for Long only on PullBeaks.
Long — term Goals:
1.T/P: 111.30
2.T/P: 113.20