Usdjpyshort
USDJPY is exactly moving according my analysis USDJPY is exactly moving according my previous analysis and nicely hitt our two main targets ( tagged ).
Now market is at trend resistance and horizontal resistance zone is also here.
So I expect some retracment back before bullish move.
You can sell from here to the support with small SL.
And buy from trend support for our main target 3.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
Market Update: Bullish Signals for USD/JPYThe USD/JPY market has seen some positive developments recently, with several bullish signals emerging that indicate that price action is still in favor of the bulls.
One of the most significant indicators of this bullish trend is the break above the 100 EMA (Exponential Moving Average). The 100 EMA is an essential technical indicator used by many traders to gauge the overall trend of an asset. When the price breaks above the 100 EMA, it signals a potential shift in the trend, from bearish to bullish, in this case.
In addition to the 100 EMA breakout, the Lorentzian Classification is also showing a 2-4 bullish price point, further supporting the positive momentum in the market. The Lorentzian Classification is a technical analysis tool used to measure the market's volatility, and it is indicating that there is a strong likelihood of bullish price movements.
However, while these bullish signals are a good sign, it's essential to note that caution is still necessary. To consider a swing short, traders would like to see the price come below the trend line and the 100-day EMA. This is because the trend line and 100-day EMA are critical support levels that need to be broken to confirm a bearish trend.
If the price breaks below the trend line, traders should wait to see if it retests off the 100 EMA or if it breaks below it. It's important to note that the market has only just broken out above the 100 EMA and retested it, so it may need further confirmation before any significant price movements occur.
If the price breaks above the resistance zone at 135.00, traders should look to take a long position up to 137.000. However, it's important to remain vigilant and monitor the market closely for any changes in the trend.
In conclusion, the current market signals suggest that price action for USD/JPY is still in favor of the bulls. However, traders should exercise caution and wait for confirmation before making any significant trading decisions.
Thank you for reading our market update. Stay tuned for more updates on the latest market trends and developments.
Sincerely,
The Finance Academy Trading Team
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USDJPYfrom the fundamental aspect of things USD didnt do well during their inflation rate report.
FORD made statement about deploying about 30k of their workers.
so USD MIGHT not be strong enough this quarter. but they all always have strenght in them tho.
so lets take the risk
trade carefully '
risk properly
and follow for more content like this
[UPDATE] Trade Triggered In We Go....Ok quick update on the idea posted last week as expected we got the move up to the 134 area and my TRFX indicator has just give a SELL signal giving us the green light to enter this position.
Stop loss is well above 136 the target as explained is the 125 area as the position moves in our favor we will be taking part profits and using a trailing stop. This position will likely take several weeks or maybe longer to play out with nearly 900 pips on profits on the table.
If you would like to know the full reasons behind this setup read the related post below.
USDJPY H4: Bullish outlook seen, further upside above 132.80On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs formed and a throwback to the support zone at 132.80, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension levels could present an opportunity to play the bounce, with 137.80 as the resistance target. Failure to hold above the support zone at 132.80 could see prices push lower to the next support area at 130.50. Prices are also holding above the 20 MA supporting the bullish bias.
USDJPY - Expect bearish price action ✅Hello traders!
‼️ This is my perspective on USDJPY.
I expect here bearish price action as price took out buy stop liquidity above equal highs and formed a normal H4 divergence which indicates bearish move.
‼️Attention!!! Due to the fact that we have news on USD this week, the analysis can be invalidated.
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USDJPY (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
Where To Next 900 Pip Move On The Cards??I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area.
What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals on the TRFX indicator as we approach this price or go above it into the SELL zone.
The for this move will be a NEW low in the current downtrend as you can see on the chart a nice target for this is the 125 level which is a previous strong resistance which should now act as a solid support and nice target for bears.
This trade may take a few weeks to play out though if it goes as expected above then there is 900 pips or more to be made on this pair.
Hope you enjoyed the post comment below if have any questiions
USDJPY 4H: 09/02/2023: Short opportunity!
Main Idea:
Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward.
For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter.
You can see all the important zones and levels on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️09/02/2023
🔎 DYOR
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