USDJPY H1 ANALYSISHey traders,
This a potential setup forming on the USDJPY H1 Charts.
i have my red trend line drawn which was previously broken.
Looks like price is now coming back up to retest it.
Price action wise - we currently have a pinbar, but we must wait for the hour to close before deciding.
If price can maintain the pinbar or form a strong bearish close, then that would be the signal to go short.
On the MACD we see that bullish momentum is also running out as the bar sizes are decreasing.
This is also the 50% fib level from the previous daily high last Wednesday.
Daily trade analysis and ideas:
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Usdjpyshortsetup
USDJPY Short 140 pipsHello Traders,
A major move to the downside was seen in USDJPY breaking the swing uptrend line and a key support. Downwards momentum has been developed, thus a short position was entered with 100 pips stop loss just around the previous swing high and a 140 pips profit target just around a previously identified key level. However, NFP data will be released later this day due to being first Friday of the month, and thus position size should be properly managed as the market can go both ways (in which we can't predict).
Have a lovely day!
Riverfront Capital
USDJPY D1 ANALYSIS - GIGANTIC BEARISH PINBARHey traders,
As you can see today, USDJPY closed with a big bearish pinbar.
Price has reacted to this level 4 times in recent times, with price rejecting this level every time.
Technical analysis wise this looks like a potential double top chart formation.
On the MACD we also have bearish cross about to occur.
Simple price action, technical analysis and S/R leads to simple profits.
Daily trade analysis and ideas:
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USDJPY day trading: sellThe pair sure as hell took its sweet time, but here we are.
Continuing from our previous post to take short positions and hold them, mostly based on the US + China trade war, and the less than impressive brexit progress (link below):
Once the pair breaks through the trend line, sell on the pullback.
Pragmatic traders can take profit in the 108.000-ish area, and more adventurous traders can hold with a trailing stop loss.
Esketit gang gang.
USD/JPY: Daytrade-Opportunity#Week 35-2Hey tradomaniacs,
welcome to another free signal!
How to trade: Wait for the violation of the trendline before you sell.
If we bounce of the market confirms the trendline, thus it`s more likely to go up.
Risk-Management: US-Core Durable Goods Orders @ 13:30
Volatility possible.
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Type: Daytrade
Sell here: 105,831
Stop-Loss: 106,237
Target 1: 105,496 - 105,4
Target 2: 105,246
Target 3: 105,055
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
USD/JPY: Day-Swingtrade-Opportunity!#Very nice RISK-REWARD here!Hey tradomaniacs,
welcome to another free signal!
Important: Volatile times! Don`t risk too much here!
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Type: Day-Swingtrade
Sell-Limit: 109.619
Stop-Loss: 109.914
Target 1: 109.045
Target 2: 109.708
Price of risk-reduction: 109.261
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
USDJPY Bearish Potential SetupSalam and hi my name is Khalid Hamid. USD Index is showing a reversal, thus USD pairs might go down too (including USDJPY).
Early sign is there but still need to wait for a STRONG BREAKOUT signal to the downside.
Watch the video to understand. ;-)
Tomorrow is NFP and few other high impact data release so please be careful with your trades.
Good luck and happy trading everyone.
KHALID HAMID, Malaysia
D1 USDJPY Short Targeting 100 level to the downside. Looking for a longer term corrective trade on USDJPY to the downside. Targeting the 100 level on the daily chart.
How we are trading this chart. With equities racing higher we are looking first for a reversal from the move higher in the U.S indexes before taking on shorts in the USDJPY. Will be looking at going short around the 111.52 area (ideally)