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Usdjpywavecount

USD/JPY SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/JPY: Day-Swingtrade-Preparation Market-Sell: 106,660 Stop-Loss: 107,100 Target 1: 106,245 Target 2: 105,955 Target 3: 105,600 Stop-Loss: 44 pips Risk: 0,5% - 1% Risk-Reward: 2,48 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. :-)
Short
by Trading2ez
2
USD / JPY massive potentialHi all, I will admit that this looks somewhat unlikely, but it is possible and indications are (presently) that it may develop something like this. This post is just to share my preferred entry point for the sizeable down-move that I expect: - It seems that wave 1 and 2 have formed, - Sub-waves i, ii are complete, and iii is underway, - I will wait for the wave v peak that will form the wave 1 peak (of wave 3), - After a retracement I will place my sell order at the wave v peak, - This should mean that I shouldn't be concerned about being stopped out by the wave 4 retracement and can stay in place for the full 5 waves down, - My tentative target is 88 yen / USD for a 1:1 extension of the larger-degree wave (A) (I am not sure if this appears well on this timescale). Quite a bit of price action still needs to happen for this to eventuate. I have not tried to map out where the smaller waves (that haven't started yet) will terminate. I am not a professional, am very new to FOREX, relatively new to TA. Do your own research and thanks for viewing.
Short
by flyinkiwi10
USDJPY Completing Wave MovementPair is doing a pretty amazing movement so it is very challenging to make predictions. While doing the movement down the pair is stuck at 104.500 and again move up towards the resistance line at 112.900. This movement is quite promising as the final complement of the rising waves. If the price does not move down to the level of 106,700, then this movement will be confirmed and direct to the wave completion. It is currently a promising level to make a purchase and its take profit level is 111,700 for some time to come and a good stop loss point is 109,000.
Short
by fXVolume
USDJPY profit target reached perfectly once again,prepare to buyBuy above 110.25. Stop loss at 110.03. Take profit at 111.15. Reason for the trading strategy (technically): Price has shot down and reached our profit target perfectly. We prepare to buy above major support at 110.25 (Fibonacci extension, horizontal swing low support) for a push up to at least 111.15 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (21,5,3) is seeing major support above 4% and we expect a strong bounce above this level. Correlation analysis: We’re expecting overall JPY weakness with bounces expected on AUDJPY, USDJPY and EURJPY. Hence this falls very nicely into a correlated move.
Long
by MEX_Exchange
USDJPY dropping nicely, remain bearishSell below 114.07. Stop loss at 114.77. Take profit at 112.90. Reason for the trading strategy (technically): Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing pullback resistance at 69% which corresponding to the reaction we are seeing off 114.07 in price. We hope to see a stronger reaction for a further drop.
Short
by theforexarmy
USDJPY profit target reached perfectly again, time to buyBuy above 112.58. Stop loss at 112.21. Take profit at 113.75. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal overlap resistance). RSI (34) is seeing strong support which is signalling to a price bounce.
Long
by theforexarmy
USDJPY profit target reached, prepare to sellSell below 113.95. Stop loss at 114.95. Take profit at 112.56. Reason for the trading strategy (technically): Price has reached our profit target perfectly. We now turn bearish below 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to 112.56 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing strong resistance below the 94% level. Reason for the trading strategy (fundamentally): The main news event driving the USD today is the U. of Michigan Confidence. It assesses consumer confidence regarding personal finances, business conditions and purchasing power based on hundreds of telephone surveys. A low or falling University of Michigan Sentiment value is considered an early indicator of an economic downturn. We’re expecting a lower value and a weaker forecast which means a weaker USD, which goes in line with our bearish USDJPY trade.
Short
by theforexarmy
8