Usdjpytrade
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
USDJPY - EDUCATION - 30. JUNE. 2019Welcome to DACapitalTrading, We provide any kind of Technical and Fundamental Analysis
for Forex and Crypto-Currency Markets every day!
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1 HOUR
Sideways waving market right now.
4 HOUR
Bearish market found its resistance on his pullback great short entrys for sure.
DAILY
Very bearish market found a small pullback and a resistance holding it now.
OVERALL
In my view we will see a last small push above previous week highs and resistance area,
to take out last short holders before heading down and taking out long holders which try to jump on the train now!
Market structure also offers a very good trade with a lot of confirmations.
Good luck
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Have a great week everyone!
ALAN
USDJPY Trade Idea# Support broken
# Tested as resistance
# Sell signal printed
Selling at market price @ 109.668 with
# SL @ 109.890 and
# TP @ 109.099
To learn more about this trading system/strategy please feel free to join my mailing list at www.profitfxza.com
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
USDJPY Trade IdeaPrice is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal.
Conservative traders will wait for confirmation (bearish candle)
Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so
I am in short @ market price 111.952 and
SL above the high @ 112.227 and
TP at support lower down (and the next if the market keeps paying) @ 111.346
As usual don't bet the farm, good risk management won't kill you but the lack thereof could :)
Follow me in forex Bootcamp using the Telegram link below
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
USDJPY - Pending SELLFX_IDC:USDJPY
I am trading on a small account, documenting my progress. This is not intended to be a signal!
Descending- H1 Channel
Awaiting Pull-back to retest upper channel, and fib level 0.382 were we have a sell limit placed. Take profit is at strong H4 Support.
Sell Limit - 110.380
SL - 110.816
TP - 108.500
USDJPY Trade IdeaWe saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels.
Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair:
IF the above happens I will have my stop above resistance at 10.885 and
my take profit lower down at 108.992 (support seen on D1)
As usual, don't bet the farm and exercise good risk management.
For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
USDJPY Trade IdeaGoing long on USDJPY
1. Price pinned the 50ema
2. Bullish engulfing candle pattern completed
My stop is a tad below the moving average at 110.110 and
take profit below resistance at 111.042
This set up is purely based on doing buys if price is above the 200ema using it as a trend filter and then the 50ema for entries targeting previous highs.
This trade has a risk to reward ratio of 1:2
Don't bet the farm and always exercise healthy risk management :)
USDJPY Short FX:USDJPY
Welcome back to a new trading week :)
Following some bullish trade ideas from last week and the week before, long orders were closed with little profit as the charts slowed down on the bulls and started to bring signs of bearish price action to the charts...
I have applied the top down method in analysing to find on W1 and D1 time frame corresponding with my H4 view. Here we can see a short term trend line broken to the down side around a key level. On D1 I have noted that Friday's candle has pinned the 21 ema which is a great indicator to get in on a short of the trend is generally down.
Sell order opened @ market price 109.328 with
SL above the recent highs @ 110.272 and
TP around the swing low on the left @ 106.988
On this trade I am rising 95 pips for 235 on the reward end BUT if you check the recent swing low on W1 you will find that this trade has a 500 pip potential.
Don't bet the farm and always exercise healthy risk management!