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Usdjpyidea

USD/JPY SELL IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmatio! USD/JPY: Daytrade-Preparation Market-Sell: 105,420 Stop-Loss: 105,870 Point of Risk-Reduction: 105,000 Take-Profit: 104,370 Stop-Loss:38 pips Risk: 0,5% - 1% Risk-Reward: 2,35 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
5
UsdJpy near strong supportAfter breaking the falling trend line resistance at the end of January, UsdJpy also broke above horizontal 104.30 resistance and accelerated up and reached shy under 106 resistance. Now the pair is in a normal correction and very close to this new support. In my opinion, the trend for this pair has changed and we can expect a new leg up once this correction is finished. I'm looking to buy UsdJpy and only a daily close under 104 would change my bullish outlook
Long
by Mihai_Iacob
3
USD/JPY Look For Further DropThis plummeted yesterday and this morning which made for a great trade on yesterdays idea to short. This is now at support so I expect some hold up at this point with a slight retrace before potentially breaking through the next support. I do not expect much resistance to breaking this support so a short can be taken on the retrace at around 105 would be good. This approach is also to make up for the small risk/reward of the trade if I took the normal approach of entering after breaking support and entering on the retest. TP is at 0.618 Fibonacci - 104.264
Short
by olly48
The termination of the Diagonal patternLet us first point out that the price is forming a Triangular pattern in the weekly chart. The price is currently in wave D of this pattern. (Daily Chart) In the daily chart, the first uptrend (wave A) has ended in the range of 111.68 and the price with the Diagonal pattern has completed the corrective phase of this uptrend in the range of 102.59. By crossing the price from the range of 105.67, the initial confirmation of the uptrend will be received, and now we need 5 waves pattern. In the 240-minute chart and by monitoring the details, we see that 3 waves out of the first 5 waves are composed, and the price can extend the uptrend after a corrective movement that can be developed up to the range of 105.19 to 104.84. The range of 104.39 is very important to us.
by NirmataFX
4
USDJPY short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
USD/JPY Upward Channel Trade.Hello traders, USD/JPY is trading at 104.90. The price is trading in upward resistance and support channel, it can go down from here as it has already touched its resistance level. As the price has touched resistance level it can rebound back from here to touch support level, If price breaks 104.73 level then it can hit first target at 104.43 and second target at 104.04. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/JPY OverboughtDue to the chaos caused in the markets this week by the Reddit group/Gamestop stock buying there have been big unexpected moves that have ruined some ideas on here. The markets have started calming now so expect some retraces. This is very much over bought, RSI is at 77 so expect a pullback soon. I have marked the next high with the blue line which is the highest I expect this to go before a pullback but the pullback may come before reaching this. My TP is at 0.5 Fib which aligns with a previous resistance at 104.000. If you want a safer target you can use 0.382 Fib. SL can be just above the blue line marking the previous high. Wait for sing of a pullback using the MACD and EMA's and 1HR timeframe if needed.
Short
by olly48
USDJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3