Usdjpysell
USDJPY Sell Trade (My View)USDJPY Sell Trade:: TP $ L Both On Chart:: Perfect Entry Here!! Anticipating Strong Move Down!!! HopeFully By End of Today These Are Pips In The Bag:::: {{Analysis Based On Simple Trend Following::KISS}}
Try Adjust SL Slightly On The Chart Is Too Tight::: Forex Can Be Stupid With Unnecessary Spikes!!!
USD/JPY SELL SIGNAL Hey tradomaniacs,
welcome to another free trading-setup.
Notice:
Falling yields are perfect for a USD/JPY short, as its JPY supportive and bad forUSD-Dollar.
Technically also a nice entry to short!
USD/JPY: Day-Swingtrade-Execution
Market-Sell-order: 106,780
Stop-Loss: 107,100
Point of Risk-Reduction: 106,360
Take-Profit: 105,760
Stop-Loss: 32 points (160)pips
Risk: 0,5% - 1%
Risk-Reward: 3,40
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Peace and good trades
Irasor
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SHORT USDJPYUSD and DXY are weakening. I also thought it is time for USD to pullback a little bit.
there is already a SoR on EURUSD, AUDUSD, GBPUSD, and NZDUSD
reason:
lower high on USDJPY and DXY
more than 5 days straight green candle in 1 day timeframe
other currencies are starting to bounce on support.
USDJPY Sell ideaUSDJPY pair has formed an ascending channel on H4 timeframe and now it on the upper trendline so we are looking for a sell setups
if we zoom in to M30 timeframe we can see that it has formed a valid trendline with 4 touches and now we are waiting for a momentum candle close under the last swing standing to enter a sell position
Good Luck guys
USD/JPY SELL (RETRACEMENT)USD/JPY has been in an uptrend respecting the green ascending channel .
In my previous analysis i expected the price to buy until it reaches the upper trend line continuing the ascending channel, which followed the analysis and reached tp.
I expect the USD/JPY to undergo retracement and expect the price to sell until it reaches the bottom trend line , thus continuing the ascending channel .
The expected movement of the price is shown by the grey path drawn .
USDJPY push higher to 106.600 then move lower to 105.400Hi Guys,
This is one of my students chart analysis that we took in lesson to show her how forecasting is done. This is all independent work. Her reasonings are below. (I have full rights to use this)
1. Reason why we've forecasted this trade is because...
1. 106.600 is our entry because it is a whole number, this is where banks and financial institutions come into the market.
2. 4HRLY is overbought... However daily timeframe is oversold So I would expect a bounce lower and then a move higher so it corrects itself on the daily timeframe for when it reaches our entry it is a valid short position.
3. Expecting a bounce from the upper trend line.
4. Within the 106.600 and the 106.800 there is a indication (due to previous data) that at this price the currency generally speaking tend to reject from.
Stop loss is 40 pips
Take profit is 100+ pips