USDJPY, Wants to challenge strong Support, ShortUSDJPY, bounced back and rejected due to strong trend line! watch out Friends!
Usdjpyidea
USDJPY: Diagonal pattern in wave BIn the weekly chart, the price is forming a Triangle Pattern. Currently, the price is in wave D of that. The structure must have 3 confirmations.
In the daily chart, wave A is completed in the range of 111.68, also in wave B, we can see the Diagonal pattern, which is ended in the range of 102.59.
To be able to receive the confirmation of the uptrend, the price needs to cross the range of 105.67, if the price crosses the range of 101.18, this analysis will be nulled.
If we intend to enter the risky orders, after the price crosses the range of 104.39, we can set the long order.
USDJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
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USDJPY (MASIVE SWING)USDJPY has tested the strong area of support and now it is retesting on the previous broken structure. LOOKING FOR BUYING OPPORTUNITIES
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UsdJpy could go to 106Since March 2020, UsdJpy is in a downtrend. I think things are about to change and the pair could go to 106 soon.
After the most recent low Usd has recovered losses and the last days of last week found the pair in a tight consolidation just under trend line support.
I expect a break of this downtrend line and a clear daily close above 104 would expose 106 resistance.
USDJPY PRICE REJECT FROM RESISTANCE 104.50 AREAHI TRADERS,
As I discussed this pair is in bearish state as per my bias. Daily trend line also shows the downward momentum as well as price has been rejected from the resistance level 104.50 Area.
I am looking this pair bearish till 101.00
Good Luck
USDJPY Sell IdeaHi Traders,
I want to take sell on the following confluences.
1. Down Trend
2. Validity of Pull Back Strategy (Paid Strategy)
3. Advance Engulfing Candle Setup (Paid Strategy).
4. Fibo Level
Good Luck.
USDJPY Forming Descending Wedges Pattern.Hello traders, USDJPY is trading at 103.97. The price is trading in a downward resistance and support wedges and can consolidate further before starting down trend. If the price breaks the key level at 103.88, it can continue its down trend and its target prices are as follows. 1st target price at 103.32 and 2nd target price at 102.59.
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.
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Rishikesh Lilawat
Bearish Shark Pattern Wave CorrectionUSDJPY BEARISH SHARK PATTERN, WAVE CORRECTION
Market Buy Order Set Up.
Buy Entry: (104.208)
Take-Profit 1: (103.754)
Take-Profit 2: (103.349)
Stop-Loss: (104.656)
Max Risk-Reward: (1.92)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
USDJPYThere is a strong trendline resistance. If it can breakout, good opportunity for a long position
USDJPY PROFITABLE SWING SETUP USDJPY Been moving inside an descending channel towards the support, USDJPY WILL GO LONG AFTER MARKET TEST A SUPPORT
USD/JPY with the Symmetrical TriangleUSD/JPY is moving downwards. It started to fall from 20th February of 2020. And it's still falling. It has made the symmetrical triangle here. It's making the 4th wave here, and it has to cross the following level 103.455 - 103.360 - 103.185 - 103.050 , to complete the 4th wave.
But if the trend started to move upside, then there will be a failure of the symmetrical triangle. Then the targets will 103.815 - 103.915 - 104.100 .
I have applied DMI, ADX is less than 25 , which shows a downtrend. And the +DI is above -DI means an uptrend.
SHORT USDJPYConfluences:
+ MACD divergence
+ Fibonacci Retracement 0.5 + 0.6
+ Flip Zone
- Take Profit:
+ next Support / Resistance
+ Or Price Action ( My Favorite way )
USD/JPY- Triangle PatternUSD/JPY is making a symmetrical triangle and trying to reach the upper line of the triangle. The trend will hit an upper trendline of the triangle by crossing the following level 103.507 - 103.566 - 103.585 . After that, there will be a reversal, and the target will be 103.500 - 103.400 - 103.300 - 103.100 .
But if it does not stop to move upwards. And crosses an upper trend line, then it will hit the following levels 103.600 - 103.670 - 103.750 .
USDJPY 4HR IDEATHE NEXT TIME USDJPY WILL RETEST THE SUPPORT ITLL PROBABLY FORM A DOUBLE BOTTOM AND WILL RISE TO THE NEXT SUPPORT
