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Usdjpysetup

USDJPY Bearish Trend Continuation SetupSupport this analysis with your likes and comments! USDJPY reversed from a supply & demand zone that lined up with a 78.6 Fibonacci ratio and break out of the black counter trend line. The price also making a series of i-ii, (1), (2) Elliot Wave sequence which indicates a potential sell-off in wave (3) of iii. I'm patiently waiting for this market to commit to me by setting up sell stops order at the green lines on the chart while my invalidation level for this bearish scenario is the red line on the chart. What's your view on USDJPY? Kindly let me know in the comment. Regards, Veejahbee.
Short
by Veejahbee
USDJPY Bounced from the trend line support 107.00 level eyedUSDJPY Was bounced after touching the trend line which is acting as both support and resistance level. The main support level comes around 105.100 level which is a completion of ii Elliot wave and the starting point of iii Elliot wave. In between this iii Elliot wave we can expect some minor Elliot impulse waves from 1-5.The price is currently trading parallel to the consolidation phase which i have mentioned earlier. We must aware about the series of Higher low lower low and lower high which is a sign of minor bearish trend. Bull has to go above the 105.600 level so that it can reach up to 107.000 Level 💌 Leave your valuable comments and suggestions related to this idea in the comment section. Thanks for your time. Good day guys 💝
Long
by forexorbit
2
USDJPY Making Trend for high MoveUSDJPY chart, here its clear that it'll be bearish, but when it will be bearish?4 So, in this chart i've clear that all it is about to go up & then move long down to complete its bearish pattern as well in the case of breakout then we will take it from the upper resistance. I hope you like this analysis & have get some idea about USDJPY Trade Area. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
Long
by PiPumer
1
USDJPY, 2hr tf, sell below kumo cloud Hello my friends, Today is such a good day. It is very nice that before weekend i got my positions hit take profit. Before starting with today USDJPY setup, i am gonna post my XAUUSD setup which i posted at 30 September 2020 just hit my take profit. I posted to buy XAUUSD at 1889 and take profit was set at 1916. Price hit TP today, i booked +270pips and banking +6% profit. This is the link to my previous buy XAUUSD position OK, let's start with USDJPY sell setup for today. Based on the 2hr chart you could see price below the kumo cloud and parabolic SAR above the price indicating sell pressure. USDJPY dropped 60 pips today after Trump announced he's positive for COVID-19, triggering my sell signal to this pair. Sell USDJPY 105.30-20 Stop loss 105.75 Take profit 103.95 RR Ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : I sold USDJPY from 105.20 If you find this post useful, please give me a like and follow me for my next update
Short
by HayatoDragonFX
USDJPY - Full Analysis Breakdown Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on USDJPY, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
by AlphaTrading-Group
USDJPY Elliot Wave Short Trade IdeaHappy new week traders! In the USDJPY 4 hourly chart above, price broke out of a triangle pattern and made a five-wave impulse decline in wave (a). A three-wave corrective move that unfolded has a zigzag pattern follows the sell-off in wave (b). According to Elliot Wave theory, once a 5-3 wave cycle is completed, the price resumes in the direction of the impulse wave. In USDJPY case, if this count is correct we should see a massive decline that will take the low of wave (a) in the days ahead. - Invalidation level is the red line on the chart - Entry is the green line which has been triggered Alternative Count: 1-2, (I)-(ii). Good luck on the chart! Veejahbee
Short
by Veejahbee
4
USDJPY | WEEKLY PERSPECTIVEThe Greenback began a downward spiral at the beginning of last week as it came under strong Bearish pressure with the souring market sentiment to Breakdown my Key level @ 106.500 later in the week. With over 125pips in our direction since my last publication on this pair (see link below for reference purposes); the scope of the USDJPY pair to extend the decline becomes more pronounced. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Support & Resistance | Supply & Demand Observation: i. Price action fell into an indecision pattern since early June 2020 to finally Breakdown of the Channel late last week. ii. Breakdown off of 106.500 signals an extension in the decline of the USD as I anticipate a correction into this level for rally continuation. iii. A Breakdown coinciding with Bearish Trendline @ 106.000 further confirms my bias. Trading plan: SELL confirmation with a minimum potential profit of 160 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized 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. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry