Usdjpybullish
USDJPY Eyes the December low Hi folks,
Keep your eyes on the daily channel line, price to breakout the level will be our trigger point.
USD/JPY 1D Swing shortPatterns playing out perfectly again. Rejection at the lower support. My target is 104.900. Goof luck!
USDJPY - LONG
ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMEFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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==> PLEASE TAKE NOTE!! DO NOT SET LIMIT ORDERS. GET IN ONLY WHEN YOU GET THE GO SIGNAL FROM PRICE ACTION
Small Bullish PotentialMarket is showing great potential to push to the upside. But be careful as fundamentals are oppose this prospective setup. Risk Low
USDJPY: Near Strong Support Level....Important Levels to Note!!!USDJPY have tested this support level @107.10 price level and what we have seen is failure to reject this level. As we can see this led to 3 lower head forming. For now, I will be expecting to see a BULLISH movement to 108 price level. Definitely, a breakthrough in price level there is possible which I will update again.
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USDJPY Consolidating at CRUCIAL SUPPORT: Potential BUYUSDJPY is consolidating at the Support area for the last few days. So, it would be interesting to see if USDJPY manages to stage a comeback this week. Like with any other JPY pairs, the main driver is going to be the Global Risk Sentiment. I expect risk sentiment to get a little better this week because of the recent trade deals with Mexico.
Besides, recent Dollar sell-off on account of Rate Cut related assumptions which are a bit overdone in my opinion.
So, depending on BULLISH PRICE ACTION in the support area, traders can look for BUYs at 108 with SL below 107.70.
TPs can be set at 109 and 110 respectively.
SHORT BULLISH MOVE ON USDJPY STOP LOSS - 108.333
TAKE PROFIT - 108.864
Risk on the trade - 1%
We have seen some bullish momentum on this trade where price had a brief pause and consolidated sideways creating a continuation pattern. Price has broken above and we may see price move to our take profit.
USDJPY approaching support: Potential BUYUSDJPY is approaching a SUPPORT AREA from where it can BOUNCE HIGHER.
The first SUPPORT is at 109 area and the second SUPPORT lies slightly lower at 108.50.
So, depending on BULLISH PRICE ACTION, Traders can look for BUYs at 108.50-109.10 with SL below 108.40.
TPs can be set at 110.10 and 111 respectively.
A lot depends on the current RISK SENTIMENT in the market. So, keep an eye of US-CHINA trade war-related news and how global equities are performing this week before trading and YEN crosses.
USDJPY // CompraTe dejamos ésta idea de trading para que la disfrutes. Es esencial que esperes a la zona de entrada para asegurar un mayor beneficio y respetar nuestro Stop Loss.
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USDJPY Bullish Wedge Forming - Early Buy Opportunity (Long)We sold this position for a target of +50pips and exited early at +35pips after we found strong resistance on the 4-hour EMA50.
Lower timeframes suggests a sharp pullback and as we look back over the charts we can see the EMA50 has historically provided a solid ground for dynamic support & resistance.
With this in mind and the higher timeframes being overall bullish. I decided to exit my short position early and take this opportunity for an early entry into a long position. I anticipate a bullish break of the current wedge, in which price is now moving back up into as we speak.
My entry is @ 111.544 - for now, I have taken a very small position and I will look to add to this position, where possible, as the trade develops.
Daily View:
4-Hour EMA50 View:
4-Hour View (Strong Support/Resistance Level):
15-Min View:
USDJPY LongIf the first TP holds as resistance can see some more downside for UJ in the upcoming future!
-Caleb D. Trillionaire
USDJPY - DAILY H4 - BUY SETUPUsdJpy - Daily and H4 - Price landed into a demand area on daily chart and so far holding up good combined with dollar strength suggests this pair should move on higher.
USDJPY Long Trade EntryWe can see a trend and a correction on USDJPY. The correction trend-line has broken to the upside and I have entered a long (buy) position at the current pullback level. This is a C wave trade.
Tp 1: 110.030
TP 2: 110.200
Should the previous high break, I have a target of 111.000
USDJPY - Bullish bias off of key support areaIn the USDJPY pair price has reached a critical support area and I am not watching for any sort of price action candlestick or pattern to get long. Price has been in a strong bullish trend for the last few weeks and while price has pulled back quite a bit since last week the bullish bias is still intact. Prudent price action traders will be watching for any sort of long signals to buy into the overall bullish trend. If price were to break below this key level and hold I may switch to a more bearish bias and begin looking for bearish price action from levels of resistance. Although that has not happened yet and I am still looking and bullish price action setups.
USDJPY Remain BearishUSDJPY remains bearish. On the 4 hour chart Ive laid out the next support levels and the current trading channel. Dont buy USDJPY untill the upper range breaks. Tell that moment it remains a sell with a stop about 15 pips above the upper range.
Use support levels as your take profit or as level to aim at a bounce back up.
USDJPY Next MoveOn the 4 hour time frame for USDJPY it looks like it will go down a bit more to touch the support after that it might bounce up to the upper range.
Sell with take profit 111.15
From there buy with take profit 112.10
