Long, Going for the 160 ZoneUSDJPY is shorting to fill the imbalance at 155.929 to 154.807 then After that is filled We expact the market to go long from 153.450 to 160-161 ZoneLongby Anth0ny-Petha99Updated 224
Bull Swing BiasLooking for price to stay above 157.75 for a new leg up into 162.xx-166.x zone.Longby AndyXII113
USD/JPY Sell Trade – Targeting 156.42902Pair: USD/JPY 🇺🇸💴 Direction: Short 🔽 Target: 156.42902 🎯 Time Horizon: By Thursday, Jan 23, 07:00 UTC (approx. 9.5 hours) ⏳ USD/JPY has shown recent upward movement but may face resistance, indicating a potential pullback toward the 156.42902 level. Market behavior suggests this move could occur within the next 9.5 hours, aligning with observed price patterns. Keeping an eye on key economic developments that may influence market sentiment and price action. 🔍 Shortby GlobalHornsUpdated 444
USDJPY - Waiting for its correction and looking to some buy oppoHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!by QQGuo-Shane334
USDJPY - Support Becomes ResistanceHello Traders ! On Friday 10 January, The USDJPY reached the resistance level (158.874 - 160.209). Currently, The support level (155.948 - 156.364) is broken🔥 This key level becomes a new resistance level ! So, I expect a bearish move📉 _______________ TARGET: 153.550🎯Shortby Hsan_Benhmed3312
USD-JPY Risky Long! Buy! Hello,Traders! USD-JPY has retest a horizontal Support level of 156.000 And we are already seeing A bullish rebound so we Will be expecting a Further move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals226
USDJPY BUY Trade Plan - High Probability Setups📈 🔵 Buy Plan (Continuation Trade) - High Confidence (80%) 🎯 Entry 1 (Breakout Confirmation): Above 156.60 (aggressive) 🎯 Entry 2 (Pullback Buy): 156.00 - 155.50 retest (safe/conservative) 📌 Stop-Loss: 155.30 (Below last OB, safe zone) 📌 Take-Profit Targets: TP1: 157.00 (liquidity grab area) TP2: 157.80 - 158.00 (final target, resistance zone) 📌 R:R: Minimum 1:3, up to 1:5 if TP2 hits 🔹 Confirmations Required: ✅ Liquidity grab at 155.50 demand zone ✅ Bullish engulfing / momentum candle on H1/H4 ✅ Break & Retest of 156.60 📉 🔴 ALTERNATE Sell Plan (Reversal Setup) - Medium Confidence (65%) 🎯 Entry: Below 155.50 break & retest 📌 Stop-Loss: 156.20 (Above last lower high) 📌 Take-Profit Targets: TP1: 154.80 (minor liquidity level) TP2: 154.00 (main demand zone, strong support) 📌 R:R: 1:3 minimum 🔹 Confirmations Required: ✅ Bearish engulfing rejection from 156.80 - 157.00 ✅ Break of 155.50 with strong bearish momentum 4️⃣ Final Thoughts (What I Would Do Personally) 📌 Primary Focus: BUY Trade is the best play, targeting 157.00 & 157.80+ 📌 Why? Bullish structure intact Demand zone at 155.50 - 156.00 aligns with liquidity & order blocks Strong bullish push shows smart money interest 🚀 Plan: I will look for a pullback into 156.00 - 155.50 for a safe buy entry, OR take a breakout buy above 156.60 with strong momentum confirmation. ✅ Confidence: 80% for buy, 65% for sell 🔥 Execute like a sniper, not a machine gun! Confirm levels, check order flow, and let the market come to you.Longby jibkhan111221
SELLing TREND started in USDJPY market, Broken the strong zone..📉 USDJPY Price Forecast 📉 USDJPY is currently at the top of the uptrend, experiencing significant consolidation within a range. The market has broken down the demand zone and also broken the ascending channel, confirming a shift in momentum. After the breakdown, the price retraced back to the channel, which has now become a strong resistance level. The price is also retracing the demand zone, and an order block is present at 156.15. Increased selling volume suggests that sellers are gaining control, and the price is approaching a potential breakdown near the 200 EMA. 🎯 Technical Target Levels: - 154.30 - 153.20 - 149.60 (Final target) 📌 Key Highlights: - Breakdown of the demand zone and ascending channel confirmed. - Price retracing to the order block at 156.15, preparing for further downside. - Increased selling volume supporting bearish momentum. - Near the 200 EMA, which may act as a strong resistance. ✅ Stay Ahead and Profitable! Like, comment, and follow for precise updates and actionable forecasts. Don’t miss the opportunity to trade this bearish move—be ready for the next big move! 🚀 📢 Join the community for expert analysis and consistent success! #USDJPY #ForexTrading #TechnicalAnalysis #TradingSignalsShortby TrendLogic1Updated 4426
How Can You Trade with an Inverted Hammer Pattern?How Can You Trade with an Inverted Hammer Pattern? In trading, patterns are powerful tools, allowing traders to anticipate changes in trend direction. One such pattern is the inverted hammer, a formation often seen as a bullish signal following a downtrend. Recognising this pattern and understanding its implications can be crucial for traders looking to spot reversal opportunities. In this article, we will explore the meaning of inverted hammer candlestick, how to identify it on a price chart, and how traders can incorporate it into their trading strategies. What Is an Inverted Hammer? An inverted hammer is a candlestick pattern that appears at the end of a downtrend, typically signalling a potential bullish reversal. It has a distinct shape, with a small body at the lower end of the candle and a long upper wick that is at least twice the size of the body. This structure suggests that although sellers initially dominated, buyers stepped in, pushing prices higher before closing near the opening level. While the inverted hammer alone does not confirm a reversal, it’s often considered a sign of a possible trend change when followed by a bullish move on subsequent candles. The pattern can have any colour so that you can find a red inverted hammer candlestick or upside down green hammer. Although both will signal a bullish reversal, an inverted green hammer candle is believed to provide a stronger signal, reflecting the strength of bulls. One of the unique features of this pattern is that traders can apply it to various financial instruments, such as stocks, cryptocurrencies*, ETFs, indices, and forex, across different timeframes. To test strategies with an inverted hammer formation, head over to FXOpen and enjoy CFD trading in over 700 markets. Hammer vs Inverted Hammer The hammer and inverted hammer are both single-candle patterns that appear in downtrends and signal potential bullish reversals, but they have distinct formations and implications: - Hammer: The reversal hammer candle has a small body at the top with a long lower wick, indicating that buyers pushed prices back up after a period of selling pressure. This pattern shows that sellers were initially strong, but buyers regained control, potentially signalling a reversal. - Inverted Hammer: The inverted hammer, by contrast, has a small body at the bottom with a long upper wick. This structure indicates initial buying pressure, but sellers prevented a complete takeover. This pattern suggests that buyers may soon regain strength, hinting at a possible trend reversal. Both patterns signal possible bullish sentiment, but while the green or red hammer candlestick focuses on buyer strength after selling, the inverted hammer suggests buyer interest in an overall bearish context, needing further confirmation for a trend shift. How Traders Identify the Inverted Hammer Candlestick in Charts Although the inverted hammer is easy to recognise, there are some rules traders follow to increase the reliability of the reversal signal it provides. Step 1: Identify the Pattern in a Downtrend - Traders ensure the market is in a downtrend, as the inverted hammer is only significant when it appears after a period of sustained selling pressure. - Then, they look for a candlestick with a small body at the lower end and a long upper wick that’s at least twice the size of the body. This upper shadow shows initial buying pressure followed by selling, suggesting a potential reversal in sentiment. Step 2: Choose Appropriate Timeframes - The pattern can be seen across various timeframes, but daily and hourly charts are particularly popular for identifying it due to their balance of signals and reliability. - Higher timeframes charts generally provide more reliable patterns, while shorter timeframes, like 5 or 15-minute charts, might lead to more false signals. Step 3: Use Indicators to Strengthen Identification - Volume: A rise in bullish trading volume after the inverted hammer can indicate stronger interest from buyers, increasing the likelihood of a trend reversal. - Oscillators: Oscillators like Stochastic, Awesome Oscillator, or RSI showing an oversold reading alongside the candle can further suggest that the asset might be due for a reversal. Step 4: Look for Confirmation Signals - Gap-Up Opening: A gap-up opening in the next trading session indicates buyers stepping in, giving further weight to the bullish reversal. - Bullish Candle: Following the inverted hammer with a strong bullish candle confirms that buying pressure has continued. This is a key signal that a trend reversal may be underway. By following these steps and waiting for confirmation signals, traders can increase the reliability of the inverted hammer’s signals. Trading the Inverted Hammer Candlestick Pattern Trading the inverted hammer involves implementing a systematic approach to capitalise on potential bullish reversals. Here are some steps traders may consider when trading: - Identify the Inverted Hammer: Spot the setup on a price chart by following the rules discussed earlier. - Assess the Context: Analyse the broader market context and consider the pattern's location within the prevailing trend. Look for support levels, trendlines, or other significant price areas that could strengthen the reversal signal. - Set an Entry: Candlestick patterns don’t provide accurate entry and exit points as chart patterns or some indicators do. However, traders can consider some general rules. Usually, traders wait for at least several candles to be formed upwards after the pattern is formed. - Set Stop Loss and Take Profit Levels: The theory states that traders use a stop-loss order to limit potential losses if the trade doesn't go as anticipated. It may be placed below the low of the candlestick or based on a risk-reward ratio. The take-profit target might be placed at the next resistance level. Inverted Hammer Candlestick: Live Market Example The trader looks for a bullish inverted hammer on the USDJPY chart. After a subsequent downtrend, the inverted hammer provides a buying opportunity that aligns with the support level. They enter the market at the close of the inverted hammer candle and place a stop loss below the support level. Their take-profit target is at the next resistance level. A trader could implement a more conservative approach and wait for at least a few candles to form in the uptrend direction. However, as the pattern was formed at the 5-minute chart, a trader could lose a trading opportunity or enter the market with a poor risk-reward ratio. Advantages and Limitations of Using the Inverted Hammer The inverted hammer has its strengths and limitations. Here’s a closer look: Advantages - Simple to Identify: The pattern is easy to recognise on charts due to its unique shape, making it accessible for traders at all experience levels. - Can Be Spot in Different Markets: The candle can be found on charts of different assets across all timeframes. - Straightforward Trading Approach: It offers a straightforward signal that can be incorporated into broader trading strategies, especially with confirmation signals. Limitations - Reliability Depends on Confirmation: The candle alone does not guarantee a market reversal; it requires confirmation from the next candlestick or other indicators. Without this, the reversal signal may be weak. - Works Only in Strong Downtrends: The pattern might be more effective in strong downtrends; in ranging or weak trends, it generates less reliable signals. - False Signals Can Occur: False signals are possible, especially in volatile markets. Over-reliance on this pattern without additional analysis may lead to poor trade outcomes. Final Thoughts While the inverted hammer can provide valuable insights into potential trend reversals, it should not be the sole basis for trading decisions. It is important to supplement analysis with other technical indicators and tools to strengthen the overall trading strategy. Furthermore, effective risk management strategies are crucial while trading the setup. Setting appropriate stop-loss orders to limit potential losses and implementing proper position sizing techniques can help potentially mitigate risks and protect trading capital. If you are ready to develop your trading strategy, open an FXOpen account today to trade in over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50. Good luck! FAQ Is an Inverted Hammer Bullish? Yes, it is considered a bullish reversal pattern. It indicates a potential shift from a downtrend to an uptrend in the market. While it may seem counterintuitive due to its name, the setup suggests that buying pressure has overcome selling pressure and that bulls are gaining strength. How Do You Trade an Inverted Hammer? To trade an inverted hammer, traders wait for confirmation in the next session, such as a gap-up or strong bullish candle. They usually enter a buy position with a stop-loss below the low of the pattern to potentially manage risk and a take-profit level at the closest resistance level. Is the Inverted Hammer a Trend Reversal Signal? It is generally considered a potential trend reversal signal. An inverted hammer in a downtrend suggests a shift in market sentiment from bearish to bullish. An inverted hammer in an uptrend does not signify anything. What Happens After a Reverse Hammer Candlestick? After a reverse (or inverted) hammer candle, there may be a potential bullish reversal if confirmed by a strong bullish candle in the next session. However, without confirmation, the pattern alone does not guarantee a trend change. How Do You Trade an Inverted Hammer Candlestick in an Uptrend? In an uptrend, an inverted hammer isn’t generally considered significant because it’s primarily a reversal signal in a downtrend. Are Inverted Hammer and Shooting Star the Same? No, the inverted hammer and shooting star look similar but occur in opposite trends; the former appears in a downtrend as a bullish reversal signal, while the latter appears in an uptrend as a bearish reversal signal. What Is the Difference Between a Hanging Man and an Inverted Hammer? The hanging man and inverted hammer differ in both appearance and context. The former appears at the end of an uptrend as a bearish signal and has a small body and a long lower shadow, while the latter appears at the end of a downtrend as a bullish signal and has a small body and a long upper shadow. What Is the Difference Between a Red and Green Inverted Hammer? A green (bullish) inverted hammer candlestick closes higher than its opening price, indicating a stronger bullish sentiment. A red (bearish) inverted hammer candlestick closes lower than its opening, which might indicate less buying strength, but both colours can signal a reversal if followed by confirmation. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen119
USD/JPY Hits One-Month LowUSD/JPY Hits One-Month Low The USD/JPY pair fell to its lowest level in a month during today’s Asian session, dropping below 155.5 yen per US dollar for the first time since 19th December. As Reuters reports: → The yen’s strengthening was driven by hawkish comments from Bank of Japan (BOJ) Governor Kazuo Ueda, which prompted markets to bet on a potential interest rate hike next week. → A significant majority of surveyed economists anticipate the BOJ will raise rates at one of its two meetings this quarter, with most favouring a January hike. The BOJ’s decision on rates may depend on market stability following Donald Trump’s return to the White House next Monday. His inauguration speech will be closely watched by policymakers worldwide to gauge his likely political direction. Technical analysis of the USD/JPY chart shows: → The price has struggled to hold above the 158 yen-per-dollar level, which can be considered a critical barrier where bulls are unwilling to take on the risk associated with potential rate hikes. → The 157 level has been broken, transitioning from support to resistance (as indicated by the arrows). Bulls might find support at the lower boundary of the ascending channel (marked in blue), which has been in place since November last year. However, given strong fundamental factors, such as the US presidential inauguration and BOJ rate decisions, USD/JPY is likely to experience spikes in volatility that could significantly shift the supply-demand balance—not just in the short term. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen116
usdjpy it will collect liquisity and its ditection is upside with small campital u csn easly grow ur accoutLongby wonderworldbloger110
Market Analysis: USD/JPY Corrects GainsMarket Analysis: USD/JPY Corrects Gains USD/JPY is correcting gains and now consolidates below 156.00. Important Takeaways for USD/JPY Analysis Today - USD/JPY is trading in a bearish zone below the 157.00 and 156.60 levels. - There is a connecting bearish trend line forming with resistance near 155.90 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 158.00 zone. The US Dollar gained bearish momentum below the 157.00 support against the Japanese Yen. The pair even settled below the 156.60 level and the 50-hour simple moving average. There was a spike below 155.00 and the pair traded as low as 154.77. It is now correcting losses and trading above the 50-hour simple moving average and the 50% Fib retracement level of the recent decline from the 156.58 swing high to the 154.77 low. Immediate resistance on the USD/JPY chart is near a connecting bearish trend line at 155.90. It is near the 61.8% Fib retracement level of the recent decline from the 156.58 swing high to the 154.77 low. The first major resistance is near the 156.60 zone. If there is a close above the 156.60 level and the hourly RSI moves above 60, the pair could rise toward 157.00. The next major resistance is near 157.70, above which the pair could test 158.50 in the coming days. On the downside, the first major support is near 155.35. The next major support is near the 154.80 level. If there is a close below 154.80, the pair could decline steadily. In the stated case, the pair might drop toward the 154.00 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen115
USDJPY Technical Analysis: Support, Breakout, and RetestUSDJPY has recently exhibited a bullish breakout pattern, breaking above a key resistance level. This breakout, followed by a retest of the broken level, presents a potential buying opportunity for traders. A clear support level has been identified at 155.200 The recent breakout occurred above a significant resistance level at 156.00 The price decisively broke above the resistance level, indicating a shift in market sentiment. A subsequent retest of the broken resistance level (now acting as support) provides a potential entry point for buyers. Stop-Loss: Place a stop-loss order below the recent swing low at 155.00 to manage risk. Take-Profit: Set a take-profit target at 157.00 which could be a previous swing high or a key resistance level. Disclaimer : This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and you should carefully consider your investment objectives, risk tolerance, and financial situation before making any trading decisions.Longby SOM_FX1115
UJ COULD POTENTIALLY REACH A CRITICAL ZONE (ATH)UJ could potentially approach is it’s All time high soon , we will then look for a trade set up when reaching this Zone more to follow by FOREXWORLDUK226
USDJPY - Idea for a long !!Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is rejection from bullish OB + institutional big figure 154.000 + trendline. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD12
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could bounce from this level to our take profit. Entry: 154.69 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Stop loss: 153.28 Why we like it: There is a pullback support level that is slightly below the 50% Fibonacci retracement. Take profit: 156.23 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Longby VantageMarkets8
Potential bullish bounce?USD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 154.45 1st Support: 153.25 1st Resistance: 156.20 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets8
USDJPY: Intraday Bearish Confirmation 🇺🇸🇯🇵 Earlier on Friday, I shared with you a confirmed structure breakout on USDJPY on a daily. This morning, retesting a broken structure, the price formed a strong bearish confimation on an hourly. I see a double top pattern and a violation of its neckline. With a high probability, the price will fall and reach 155.57/ 155.18 levels. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader1111
USDJPY Short IdeaBased on the recent shift in the Bank of Japan's (BoJ) stance regarding interest rates, along with the current trends in U.S. Treasury yields, we might see a strengthening of the Japanese Yen in the coming month. The BoJ's potential policy changes signal a more hawkish approach, which could increase demand for the Yen. At the same time, U.S. Treasury yields appear to be stabilizing, reducing the divergence between the two economies' monetary policies. Considering these factors, a short position on USD/JPY could be a viable opportunity. I'll be closely monitoring key levels and economic data releases to confirm this scenario. Disclaimer: This is not financial advice. Please conduct your own research before making any trading decisions. Masoud Eskandari Trader since 2011Shortby MasoudEskandari12
Bullish bounce?USD/JPY is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 155.02 Why we like it: There is an overlap support level. Stop loss: 154.19 Why we like it: There is a pullback support level that aligns with the 138.2% Fibonacci extension. Take profit: 156.61 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets7
USDJPY next phase dump coming like the previous times too wildAs we can see price is once again near resistance and daily high zone and sell pressure here soon will dump it hard and at least we are looking for 500-750 pips fall which is half of what happened pervious time here and it is also possible why not. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚Shortby MMBTtrader6631
USDJPY SELL TREND GIVIN GOOD BREAKDOWN READ THE CHART 📉 USD/JPY Sell Signal Alert 📉 🔻 Entry Point: Consider initiating a short position if USD/JPY reaches 155.800. 🎯 Target Levels: First Target: 153.200 Second Target: 152.200 Third Target: 149.000 🛡️ Risk Management: Upon reaching the first target at 153.200, adjust your stop-loss to the entry point (155.800) to secure profits and minimize risk. 📊 Technical Overview: The pair has recently experienced a counter-trend movement, indicating potential for further downside. 🔍 Recommendation: Monitor price action closely and ensure confirmation of bearish momentum before entering the trade. Always employ appropriate risk management strategies and stay informed about economic events that may impact currency movements.Shortby ExpertTrader0419
USD/JPY H4 | Pullback resistance at 61.8% Fibonacci retracementUSD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 157.10 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 159.00 which is a level that sits above a swing-high resistance. Take profit is at 155.09 which is a multi-swing-low support that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Short02:37by FXCM5