Usdjpyshortsetup
USDJPYWhat's up guys!
This is a really great setup from my own perspective
Price has been bullish until it approaches a major resistance zone and the momentum is killed on the larger timeframe
An upward trend line around a major resistance zone and refuses to make higher highs, it also breaks it but as a conservative trader I want to see More bears take control before my entry , I'm looking for an entry on the break of the H1 minor support zone indicated in green
There's already a cross of the Moving averages too , what do you guys think ?
Incoming Bulls | USDJPYOANDA:USDJPY
As it can be inferred from the chart, price broke the bearish structure from the inception where we goa a shift in market structure (SMS), we see smart money active at that point
Now, we see BSL engineered by SM to initiate the bullish order flow continuation
We expect liquidity to be grabbed and we then expect price to come into the OB before shooting higher
USDJPY 15min TIMEFRAME ANALYSIS SELLWe sell this pair because the price has reached at a strong supply zone. The entry and exit levels have been shown on the chart. The lines indicates the possible price reaction zones according to supply and demand concept. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Wish you more profit.
USDJPY 15min TIMEFRAME ANALYSIS SELLWe sell because of a strong resistance above and a bearish pressure. The entry and exit levels have been shown on the chart. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. Invest wisely. See you making huge profit in this one.
USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 108.73. The pair is trading in resistance and support wedges in an upward channel and can break the support level to start a new down trend, as the long-term trend is down trend. As the price has already touched its support level and gave a small pullback now it is again going towards support. If the price breaks the support level at 108.60, it can start a new down trend and then its targets will be first target at 108.32 and second target at 108.01.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat
USD/JPY Technical Analysis.Hello traders, USD/JPY is trading at 109.40. The pair is trading in resistance and support wedges in an upward channel and rebounding back to touch its support level. As the price has already touched its resistance level and rebounding back to its support level, it can give a small short opportunity. The entry price is 109.40, stop at 109.70 and target at 108.96.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat