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USDJPY LongUSDJPY L Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. USDJPY L (not in this position) D - After a double bottom on the lower trend line of a range, price spiked up and has room to breath. A long term hold for the bull-run to the upside could take months (the market does not move perfectly). 4HR - Bullish momentum and broken above 50 EMA, now price is just correcting before continuing upward. 1 HR - A correction occurring at the top of a Rising Wedge. Price is at a key area where price can squeeze to the upside, or reverse into the downside to near 104.00 15Min - Similar to 1HR note. Squeezing and will move soon. As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens. SL set at 36 pips. Target: top of range @ 106 level.
Long
by Reid_Hicks
USD/JPY - a significant breakoutIt seems that the Japanese Yen has been strengthening since the beginning of September. The USD/JPY currency pair has broken key support levels at 105,78 and at 105,10. As a consequence, the market has reached the lowest levels in two months. From the technical point of view, the broken support at 105,10 could be a potential resistance right now. It seems that only a move above that level may change the sentiment from bearish to bullish. The next nearest possible target for the Yen buyers may be set by the lower limit in a downward channel and by the low from July at 104,18. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
by Daniel_Kostecki
USDJPY SHORT CONTINUATION FINALLY? SEPT 6TH - 11THHELLO TRADERS! OUR VIEW OF USDJPY, AFTER ANOTHER TOUCH OF THE 106 LEVELS, WE ANTICIPATED BEARS RESUMING THE SELLS WITH BEARISH SENTIMENT IN USD AND JPY BEING SAFE HAVEN WITH NEGATIVE INTEREST RATES. NOT MUCH CHANGE IN OVERALL WEEKLY STRUCTURE AND LAST WEEKS HIGH 106.374 STILL RESPECTED WITH OUR BEARISH VIEWS, SHOULD SEE THIS ONE PLAY OUT LATER IN THE WEEK. KEY PIVOT FOR US IS 106.200 0 106.400 AREA HAPPY TRADING! FEEL FREE TO COMMENT, LIKE, SHARE. THE TRADING REGIME! OANDA:USDJPY
Short
by EvaultFinancialGroup
AUDJPY - Which way? AUDJPY - We've had get bullish momentum for a while...! Let's go through some important fundamentals announcements: JAPANESE PM ABE HAS RESIGNED DUE TO HEALTH REASONS. Now, that drove increased yen and the indices, due to pressure occurring. Technical aspects of AUDJPY: We are in a wedge formation, looking at daily chart. Long term channel bullish Bears in control: If we exit out of this channel and wedge - wait for pull back to see if it isn't a fake break out and then take the trade going down to the next support areas. Bulls in control: We exit the wedge formation towards the upside, again wait for the pull back to re-test the wedge then taking the trade towards the next resistance areas or targeting the channel area of resistance. All the best, Trade Journal. (Remember just a trade idea, not a recommendation!)
by Trade_Journal
GBPJPY-4 Hour Timeframe Trading IndicatorPeriod: 10/01/2007 to 02/07/2020 No. of Points: 14,021. No. of Trades: 507. % Profitable:63.12%%. Profit Factor: 1.563 Points per trades: 27.66 No. of lots: 100 (50 lots is partially booked after 1.275 points which can be customized and remaining 50 lots is in trade until the trend is reversed). Kindly send Private Message for accessing this indicator which can be applied to Stocks, Indices, Cryptocurrency or Commodities on any time frame.
by AdityaTechTrader