USDJPYhello Traders
Here we are expecting a USDJPY Short trade idea. push like And keep us going ,
usdjpy - it may be reverse from here so we are looking for short
- Now the current price is approached towards strong area and where i am expecting reverse and there is no need to wait .
waiting for dollar weakness
SHORT
Why are we entering?
- Expecting JPY strength and USD weakness
- Price broke the ascending trendline = bearish
Entry
now is a good time
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- TP: 112.200
Usdjpysetup
USD/JPY 4HR CHART HEAD AND SHOULDERS SET UPHi everyone this is my trade set up for the USD/JPY for the new week ahead
USD/JPY i think will push lower as it formed head and shoulders last week and closed below the neck line, so I expect a nice sell set up
look for sell activity in the order block lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
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
USDJPY shortsJust explained my trade I've taken on USDJPY and possible scenarios heading into the end of the week, praying for further downside but price is struggling at the moment with 113.500 so holding 50% with stops obviously moved to entry point. I will also be watching if price creates an opportunity for buy positions off that 113.500 level.
How I look at fast bullish runs USDJPYJust a bit of a look at how I trade these pairs when price is on a huge upside move. It can be very rewarding when you get entry's and straight into risk free but remember anything can happen and just cause price is looking so strong, we can get sell offs whenever... its better to be safe then lose.. risk amounts stay the same ALWAYS no matter how good a setup looks.
UsdJpy- New high in sight?After breaking above range's resistance and marking a new local high above 112, UsdJpy corrected and has confirmed the old resistance zone as support.
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to continuation and a new high around 112.50
I'm bullish as long as the price is above 111
USDJPY Swing IdeaDont try to predict the market. Rather, prepare. Create potential scenarios or outcomes and how you will react to the market in those different instances. This will hep control your fear and uncertainty thus, giving you confidence in your trades. I cant give out exactly how I enter trades but I would advise you to have a minimum of three confluences convincing you to open positions.
*Disclaimer*
This is not financial advise. Fore is a risky business. Trade at your own risk. Always exercise proper risk management and have the patience to see your trades play out.
My previous setups and analysis speak for themselves with regards to my growth and precision. Send me a message for more info.
#TradeLikeMagnatrio