USDJPY Bearish Divergence.Market is regularly in BUllish trending. RSI is showing divergence.
there is a support near previous high so we are expecting bearish move.
Usdjpysell
USDJPY-SELL+++++I just added another SELL @ 129.20 and average now 126.71.
No doubt an extremely overdone environment, but surely not the first time for this currency pair.
In such markets we maintain a reasonable leverage and one always should. Let's see further developments and will update later in day again when needed.
I have changed the orders to the following:
BUY back 30% @ 126.71
BUY back 30% @ 125.27
Balance @ 121.67
sell usdjy at 126.05 with 2 tp until 124.05 YEn is in free fall but get less power to go more up even it took 100 pips today
i think the target can be 130 but before that need to take a real breath like to 122.5 but i put only 124 to be sure because he is much overbought daily and weekly
have ùany space to go down,also investor may wanna take them profit
on this trade i go with just 1 lot and did not make stop loss coz i know max target before rejection cant be 130 ,but maybe 127.5 or 128 and if its the case,every 75 pips up more i will add 1 lot coz i have the bamance to can do..and so when he will back down my target can still or change dependt of the volatility
i will update my trade in time,i will try
also when it will rech target 1 and i will make a stop loss to 125.75 for at least got 30 pips gains in case he pullback up before reaching my target 2.
USDJPY-SELL++++I just sold @ 127.27 adding to the short position and average now a comfortable 125.67. Leverage still very fine, but little more aggressive now. The weekly chart and daily chart are both very overbought, hence adding a slightly increased leverage.
For new positions of course sell current levels. I am going to add 127.95 again FYI.
The profit (take back) orders are as follows:
30% @ 125.67
30% @ 123.27
Balance @ 121.17
USDJPY-SELL++++No change in view.
I will adding short above 127 (let's say 127.27) when seen.
The market is still overextended, but one should consider the market to be not very liquid today and moves can be a little unexpected.
The idea is that coming weeks we will see the correction, as we are analyzing a weekly chart.
For new positions we SELL current 126.50-126.80 and for existing shorts @ 127.27. The profit order is:
1. BUY back 30% at breakeven 124.77 for now
2. Balance @ 120.17 for now.
USDJYP-SELL+++I just ADDED further SELL @ 126.18 as I feel the run has been gone to far. Of course, am still maintaining a very manageable leverage, and this I always promote it to be the case. The average is now 124.77 for your kind information.
The take-back orders are now:
20% @ 125.77 break-even
Balance @ 120.78.
For new positions of course SELL @ 126.00-126.20 current levels. We will increase above 127.25 if seen. I will update again when it happens.
USDJPY LONGS ACTIVE 📉📉📉Expecting bullish price action on UJ as we are in a huge bullish market strucutre both on technical and fundamental perspective, price rejected a bullish orderblock area an clearly confirmed it.
The retail herd is SHORT on this pair meaning we have to look at LONG entries to have a better probability to see a take profit
What do you think ? Comment below..
USDJPY-SELL+++No change in view.
I did add a SELL @ 126.05 and average now 124.27, which is good for the expected move to 120.17. We might adjust it slightly but for now I keep it at that level.
we are overbought and its severe enough to expect a good correction. For new positions sell @ 125.30-125.70 and add sell above 126 same as before. Keep leverages in check.
USDJPY-SELL+++No change in view.
The market is over extended and it requires corrective action. The DC starts tooping-out and we are still on a high RSI.
For now SELL @ 125.30-125.60 and add abov 126.00 for now. Profit order @ 120.17.
USDJPY Short Position in H1 Hi
usdjpy is near strong supply area and Ready for 1:4 RR position
Timeframe H1
take position and Enjoy
USDJPY-SELL++++No change in view.
I was unable to add a SELL @ 126 above. For now will sell further above 126.00 (perhaps 126.25) but little more aggressive leverage. Right now still very low leverage and no issue.
If new strategy, SELL current @ 125.30-125.50 and add above 126 as suggested. profit order 120.17.
USDJPY-SELL+++ UPDATEI just added another SELL @ 125.29 and average now on position @ 123.87.
The market way over extended and I will add further above 125.90 again.
Profit order changed to 120.37.
USDJPY-SELL+++No change in view.
I will be adding above 125.00 when seen. The market is still very overextended, but this is not unusual for the pair. This is one of its characteristics.
However, always remain low leverage trading to avoid unwanted issues relating to the floats.
For now if new, SELL current @ 124.30, or as stated (when already short) only add above 125 for now. Profit order 119.37 and will advise if changes.
USDJPY-SELL ++No change in view.
The market feels heavy and a topping out pattern, kind of spiked as we all have seen.
Usually this bodes not well for the bulls and I think we may see lower levels coming weeks.
For now sell @ 123.80-124.10 and add above 125.00. I already am short average 123.15 with small leverage and am happy to add higher. Profit order same 119.37 for now.
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price takes out the buy side liquidity on the M30 and right now it's making the bearish reversal move, price made a lot of bullish imbalances that has to be filled those imbalances should act as a magnet for the price 123.000 is my target where bullish ordeblock and imbalance will be mitigated. JPYBASKET is also very strong and i expect it to rise meaning XXX JPY pairs should go down.
What do you think ? Comment below..
USDJPY-SELL++No change in view.
We should be seeing lower levels medium term and this could be coming weeks. The chart pattern is showing signs of tiredness and topping DC and overbought state weekly chart,
The strategy still same... SELL current 123.70-124.00 and add above 125.00. Currentl am short @ 123.15 low leverage and will add now above 125 only if seen....profit target 119.37.
USDJPY-SELL++No change in view.
We are short little @ 122.55 and we added @ 123.04 and also @ 123.87.
For now, we are slowly increasing the short in a similar way as before with low leverage. The idea is to create good average that ends in a corrective move back to 119.37 for now. The next SELL level is likely @ 125 above.
USDJPY-SELL+++I have been able to add another short above 123.00 as I have no change in view.
We should see a correction back to 119.37 for now.
Strategy is SELL @ 122.50-122.60 and above 123.00 and take profit 119.37.
USDJPY-SELL ++No change in view,
We should be having a short position at current (and we did around 122.50) and add above 123.50. I think we may scale back the second sell to 123.10, and we will review the situation again.
The profit order will be 119.57 for now as its medium-term strategy for now.
USDJPY LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USDJPY as we are in a bullish market strucutre from a HTF premise W1/D1. For a H1 long entry i will wait for the price to make a retracement back into 121.730 bullish orderbloc area on the h4 filling on it's way the bullish imbalances aka price inefficiencies. We have a bullish BOS on the H1 that confirms the shift in the strucutre from bearish to bullish
The retail heard is SHORT on this pair and this could add another confluence to go LONG - contrarian approach.
What do you think ? Where we go next ?
USDJPY Breakout!USD-JPY was trading in an uptrend
But then the pair broke the rising support line
And as it now retesting the broken trend-line and horizontal resistance AT 123.150
I am expecting a bearish move down
To retest the support below 118.620
USDJPY- SELL++ MTShort-term we have some correction, but still overbought status, but not severe.
The medium-term picture suggest we should see lower 119.00 return levels to relieve the pressure.
The view is still SELL @ 122.50-60 range (I already did near those levels as suggested yesterday).
Further we add above 123.50 again and if lucky 124.60-70.
The profit level for now 119.87 but feel we may go lower.
