Usdjpytrade
USDJPY Short (Sell) Trade Setup IdeaUSDJPY has been making steady gains but has now come into a strong resistance level and formed a bearish engulfing candlestick pattern on multiple timeframes including the 4-hour. We have here an opportunity to short this pair back down as it retests the resistance level as new support.
Whilst the weekly and monthly timeframes are still bearish, this setup is against the 1-hour, 4-hour and daily timeframes.
USD/JPY WEEKLY OUTLOOKI remain bearish on this pair and personally i see this spike as prime time to go short, either it was a fake break below last week. or we use the fact that fundamentally usd is in a bad way. jpy fell on oil spiking, i predict oil to revert because lockdown V2 is coming across countries despite pfizer news. im currently in a short term sell on the pair, to retrace some of the spike and see what happens.
USD/JPY - AnalysisUSDJPY Technical analysis
Resistance Levels: 105.440, 105.850, 106.101
Support Levels: 104.934, 104.066, 104.372
#JustTradeFxOnline
Thanks for your love and support.
Don’t forget to like and comment for more.
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.
USDJPYlooking for a nice retest on the previous structural high.
watch price action on lower tf if price holds that key area as support.
USDJPY ShortUSDJPY Short - stopped out.. -1R, no trades since monday. Straight trends without good corrections this week
What is the intention of "Money-Makers"...? USDJPYThis is the only a closer look for range trading.
Alarm Trading Tactis:-
USDJPY ShortUSDJPY no interesting entries on Monday, not only on UJ but all pairs that I am interested. Prices were trending without any significant correction. At last, on late tuesday entered short on UJ and stopped out with -1R, the second short opportunity on UJ went as it should with nearly +4R
The price pulled back, expect bearish movement.Nice pull back from respected downtrend resistance trendline.
