USDJPY Bullish 4hrUJ is presently still bullish, price has broken the trendline and presently getting rejected at the current resistance level. If price breaks above the resistance i will look for a buy entry.
What is your bias?
Usdjppy
USDJPY A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 114.400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: USDJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
Possible USD/JPY Short position!! SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 108.00
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 108.00
Target 2 @ ....
Risk/Reward @ 3.5.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
USDJPY moving higherThe US dollar is moving higher against the Japanese yen currency after bearish momentum faded below the pivotal 106.90 support level. If USDJPY bulls can maintain price above the 107.45 level the pair could advance towards at least the 108.00 technical region. Overall, the resumption of Sino-US trade talks later today is likely to decide the overall direction of the USDJPY pair.
• The USDJPY pair is only bearish while trading below the 106.90 level, key technical support remains at the 106.40 and 105.50 levels.
• The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 107.45 and 108.00 levels
Lets try this again ! Are the bulls ready yet? USDJPY buy marketHere on the USDJPY pair I have found a bullish harmonic pattern . Harmonic patterns are the most advanced patterns to emerge in the market and are highly accurate when applied correctly. Take a look at my detailed analysis and if you have any questions comment below. Happy trading and be sure to protect your risk.
Connors' Price Action Analysis // USDJPY Long #2Hi traders.
USDJPY is currently forming a strong long, its very expected to stay short for the next 3 or 7 hours at the moment, which can make us profit between 200 pips. because thats what I aim for. I care about pips, not profits as most traders do. Its what brings me money in long term.
I will be updating this chart as time goes by. It'll surely be a good trade. Stay tuned!
