Usdjpysell
ALERT: Where You Should Look to BUY & SELL USDJPY ??Nearly a 1400 pip drop in this pair over the last few weeks and if you read my previous posts on this pair I was wrong about the 145 area being the top though the first easy target after the drop was correct at 138.500 level which was the previous swing high in the current trend.
We are at this level now and just beneath it we have a daily DEMAND/BUY level starting under 138 I will be looking for BUY signals starting to appear under 139 as after that huge drop a correction back up towards 143-145 is on the cards.
If the top is in on this pair which it seems to be then you will be looking to sell the corrrection rally around 143-145 area and then ride the move down towards the Monthly DEMAND/BUY zone around 135 or lower.
I will keep you updated trade entries as they happen
USDJPY top-down analysisHello 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 short There are two possibilities
The first
to make down move to TP1 area and then break the last top
The second
a bearish wave without breaking the top and make correction within TP1 and TP2
In both cases, we are making down move to TP1
I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart
TP and SL positions have been identified on the chart
good luck
USDJPY - Triangle pattern ✅Hello traders!
‼️ This is my analysis on USDJPY .
Here we can see that price forming a triangle pattern which means there is a consolidation and price would have a strong move. There are 2 scenarios here, If price breaks the support zone, I will wait for a re-test before opening a short position, or a break out of that triangle and continuation of bullish price action.
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USDJPY top-down analysisHello 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.
Mon 24th October 2022 USD/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/JPY Sell. Enjoy the day all. Cheers. Jim
USDJPY Sell ExpectedTechnically USDJPY Sell Expected From 150.14. And there is a valid strong Bearish Divergence!
1st TP: 147.6xx
Remember, there is no place for luck in trading - only strategy!
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Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organised and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Mahfuz Azim
USDJPY Ready to Fall after HIT 32-Year HighAs a predict before Fundamental News and than news came and USDJPY react with New although whole market reacted but USDJPY its All time High position after 32-Years and than its resisted there and hopefull USDJPY will Fall from here and may be again touch 150 but according to me it may hit 146.4 than can go up.
USDJPY BEWARE OF THE MANIPULATION!! UPDATELooking for shorts but still holding off for now, price struggling around the resistance but also giving no real direction. Ill be waiting for a better move and if you are taking shorts now I would be keeping stops nice and tight! Never forget the overall directions!!