Usdjpysignal
Thursday: USDJPY - Week 29Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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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 A large Red Candle, Moving Down
Welcome back Traders, Investors, and Community!
Hi Traders, USDJPY on H1 on the strong down trend has already made a Pullback and now moving down.
⬇️Sell now or Sell at 109.53
⭕️SL @109.70
✅TP1 @ 109.245
✅TP2 @ 109.06
✅TP3 @ 108.81
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
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.
USDJPY Has Formed a Bullish Flag
Welcome back Traders, Investors, and Community!
Hi Traders, USDJPY on H4 has formed a Bullish Flag which is a sign of Bearish move. The Bullish Flag has formed after the breakout of the support by a large red candle which is another indication of the Bearish move. It might go back to 110.93 before it continues to go lower.
⬇️Sell now or Sell at 110.93
⭕️SL @ 111.36
✅TP1 @ 109.65
✅TP2 @ 108.47
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
USDJPY Has Broken Below the Channel with a Large Red Candle
Welcome back Traders, Investors, and Community!
Hi Traders, USDJPY on H4 has broken below the Support with a large red candle, I think it could potentially go lower to 108.55
⬇️Sell now or Sell at 110.31
⭕️SL @ 110.70
✅TP1 @ 109.27
✅TP2 @ 108.96
✅TP3 @ 108.55
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
USDJPY - Which Direction Would You Go?PLEASE READ BELOW TO SEE MY PREDICTION OF USDJPY!
USDJPY
The RSI shows overbought conditions in the market. When looking left at what previously happened at this point in the market, the market reversed. The previous support level has not been broken to confirm the trend in the opposite direction, but it can still be traded depending on what type of trader you are and you're trading strategy!
USDJPY Technical Analysis
Welcome back Traders, Investors, and Community!
Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend. It may get a Pullback at 110.8
but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame.
Traders, Please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write your it in the comment box . We will be glad for this.
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
USDJPY Technical Analysis
Welcome back Traders, Investors, and Community!
Here on USDJPY The price has got rejected from the Resistance zone with series of red candle. It also has made lower highs which indicates the Bearish trend. It may get a Pullback at 110.8
but then it will go lower to the Support line which is the lower band of the channel. If the price breaks below the Support there is a high chance that it goes lower to 109.10 but we need to see confirmation after the breakout in the lower time frame.
Traders, Please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write your it in the comment box . We will be glad for this.
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
USDJPY Bearish Reversal UnderwayHI traders,
USDJPY has been making series of overlapping three-wave pattern. This pattern can be easily labeled in Elliott Wave as an ending diagonal.
Ending diagonal usually forms at the end of a trend and leads to an explosive reversal. If this count is correct, we should expect more weakness in USDJPY in the weeks ahead.
Target below the origin of the diagonal, wave 4 low, is plausible in the weeks ahead.
What's your view on USDJPY? Let me know in the comment.
USDJPY | Perspective for the new week | Follow-upWe experienced a 125pips move since my publication on this pair last week (see link below for reference purposes) and it appears that the correction of the Impulse leg is done as I anticipate another rally in the coming week.
Even has the Greenback fell during the trading session on Friday, but the structure evolving at the Demand zone reveals signs of life again hereby making it difficult for me to short this market!
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD)
Observation: i. In the last 9 days, the Bullish Trendline structure reveals the prevailing direction of price action.
ii. Trendlines applied to the highs and the lows of price action insinuate a well deserved Ascending channel which gives a positive bias for a bullish momentum in the coming week.
iii. The significant Breakout of Key level @ Y110.130 on the 16th of June 2021 expresses the strength and capacity of the Buyers at this juncture in the market as the level (Y110.130) which resisted price prior to the Breakout appears to become a new level of Demand @ 78.6% retracement.
iv. With this set-up, I am looking forward to an ABCD pattern transition with parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg is at 78.6% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ 111.200 area.
v. With the new Demand zone coinciding with the possibility of a Trend line continuation, It is advisable to stick to buying opportunity above Key level @ Y110.130... Trade consciously! :)
Trading plan: BUY confirmation with a minimum potential profit of 100 pips.
Risk/Reward : 1:5
Potential Duration: 2 to 5days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.