USDJPYlooking for a nice retest on the previous structural high.
watch price action on lower tf if price holds that key area as support.
Usdjpysetup
USDJPY SHORT updateI would like update my USDJPY short setup shared here last month
See initial D1 setup here
D1 TIME FRAME NOW
USD/JPY, Breakout of Key Level should move the price DownWe think, that there will be a bearish continuation, because:
- price is in a downtrend
- price broke the key level
- there was a fake breakout of this mirror level
- there were multiple rejections from the level
- it seems not realistic for the price to break above
USD/JPY, great opportunity for Sellers USD/JPY broke the horizontal level of 107.00 and it looks like it will continue in its movement to the downside.
USD/JPY, still uncertain directionThis pair was consolidating last week and didn't show us the exact direction it wants to go. So until the direction is exact, we can't be looking for opening a position.
USDJPY 15MThis is the last short term daily setup trade identified on the 5M for 12 pips. If it reaches 6 pips go to breakeven.
USD/JPY Formed triangle, May Break Out Any Side. usd/jpy Breaking Below 106.90/95 will open the door for 105.20 and next 103.20/15
Breaking Above 108.15/20 Will Open Door For 109.41 and Next 11.30/35
USD/JPY, Sell the pair only after Breakout of StructureUSD/JPY provides us with good opportunity to sell the pair. However, the price action still not totally bearish. If the rules of our strategy will be satisfied, we will definitely short the pair with our members for a potential continuation to the downside.
USDJPYI'm waiting for a move down.
Currently, I will try to grab that 50 pip move.
And I'm adding this pair to my watchlist for a longer time period.
It looks like good opportunities coming with this pair.
DISCLAIMER: This is my personal opinion and view of the market, trade at your own risk. Use proper risk management and trust the process.
USDJPY H1 SHORTUSDJPY Reached Resistence Zone
H1 Sell, bearish reversal from resistance zone, RSI Divergence;
Trade : Short/Sell
Targets : 108.4, 105
Stop 1.25%
Profit Target 5.40%
This Elliot Wave Pattern Could Send USDJPY Lower DrasticallyThe weekly chart above shows USDJPY's entire decline from June 2015 high. The sell-off from June 2015 high to 2016 low can be seen as a five-wave Elliot wave impulse pattern in wave (A) . The sharp decline suggests that a massive zigzag is in the making and it's not completed yet.
According to the Elliot Wave principle, a three-wave retracement pattern follows every impulse structure. In USDJPY's case, the sideways and contracting price action pattern started from June 2016 low to Feb 2020 can be seen as an Elliot Wave Triangle corrective pattern.
The triangle correction is completed when the price breached the triangle support impulsively. Below is the H4 structure .
Once a corrective pattern is completed, the price resumes in the direction of the dominant impulse, which is bearish in the USDJPY case.
If this count is correct, USDJPY has the potential to move lower to 2016 low "wave (A)," and even further lower in wave (C) to complete the massive (A)-(B)-(C) zigzag pattern.
Do you think UJ can trade to 2016 low?
USDJPY BreakoutAs seen the chart is at a breakout on the weekly on this ascending triangle
After the last news the dollar is dropping hard.
TP on 113.900
The price pulled back, expect bearish movement.Nice pull back from respected downtrend resistance trendline.
USDJPY Analysis: Price likely to fallHi traders,
For some time the price of this pair has been consolidating within a triangle structure which is now narrowing down to the end.
Breakout will happen soon. I see a high possibility of price breaking out from the lower side.
This short idea will be invalidated if the breakout happens from the upper side.
Share your views in the comments and like if you agree with this idea.
