USD JPY SHORT Risk 0.5%
TP1 = 1:3 RR
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Usdjpyshort
USDJPY facing a support areaAfter the last signal in 10/03/2023 to start selling the pair of USDJPY, we will face in near future a historical support area around prices (127.63) and ( 126.55). In that case we should take care of our selling possession.
till now we do not have any indication that we will change our position. in case that will happened, the price mostly will need to reach (133.00) to change our idea about the trend direction.
$USDJPY YEN rollover Q2! LONG YENThis is not a test!!!
Yen is going to gain maximum strength in the next 90 days during the 2nd QTR.
I cannot legally say as to why but the hunch is strong. Looking for a soft rollover to close the month around 130 flat (3/31/23)
Q2 2022 we saw a major short begin on Yen pairs (USDJPY 122-150!)
We are now seeing the retracing PLUS to create a very strong Japanese economy.
THIS SHORT CAN GO ALL THE WAY TO 115! That is how overbought UJ is as a pair.
The Weekly + monthly shows this slow retrace gaining traction.
My FAV is USDJPY and GBPJPY both looking to short.
130.4 is a good entry to prepare for Q2. This can be volatile as many US trading platforms heavily short Yen as a makeshift safe haven.
133.5 can invalidate this short sell.
TP1: 125.1
TP2: 122.1
TP3: 117.2
****NOT FINANCIAL ADVICE****
20 REASONS FOR SELL USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: a bullish trap and, after it, a solid inside candle
2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend
3:📅Weekly: choch and fresh high market going down, forming a low
4:🕛Daily: the price is near to prices support a sharp fall
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: dearish inner
6: 2 Pattern Candle Chart: long wick
7: 3 Volume: good volume at the bearish candle
8: 4 Momentum UNCONVENTIONAL Rsi: super bearish zone
9: 5 Volatility measure Bollinger bands: walking on the band
10: 6 Strength ADX: sharp bear dmi up,
11: 7 Sentiment ROC: jpy stronger
✔️ Entry Time Frame: h1
12: Entry TF Structure: right now is bearish,
13: entry move: impulsive
14: Support resistance base: h4 d1
15: FIB: trigger event done
wait for the trend line breakout
☑️ final comments: sell at the opening
16: 💡decision: sell
17: 🚀Entry: 130.604
18: ✋Stop losel:131
19: 🎯Take profit:128.800
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 2 days
USDJPY | Perspective for the new week | follow-up detailsThe crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective.
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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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Past performance is not necessarily indicative of future results.
USDJPY SMC tradingPrice is moving in the channel,I took a short trade on the basis of 1h supply zone when price break through that zone i shifted to m15 and wait for the confirmation then i took a trade which gives me 1: 3 reward, that's pretty good the target of this trade is on the basis of last support area
USDJPY M30: Bearish outlook seen, further downside below 131.20Prices are ranging between a key resistance zone at 131.20 and a key support zone at 130.50. A pullback to the resistance zone at 131.20 could present the opportunity to ride the retracement to the support zone at 130.50, which coincides with the 61.8% Fibonacci retracement. Prices are holding below the 20 EMA and Ichimoku cloud, and MACD is showing bearish momentum while ADX is above 25, supporting our bearish bias.
USDJPY H1Hello traders, i am watching price to come around my mentioned area and looking for a next short position opportunity, watch USDJPY in a mentioned area according to your own trading strategy and look for a short position opportunity for a short term trade setup.
This is just analysis
GOOD LUCK & GOOD TRADING