USDJPY Long set up
Right people this is what I am looking at going in to NFP tomorrow.
With the DXY showing a bit of weakness we could see this pair setting up for a sell off but before we do I feel we could beak down below the low to in trap sellers to the market and then look to retrace back up to discount and above an old high before we see real driving selling force for the long move.
So with that in mind I am looking to find a key entry and short term intraday set up to catch the moves.
Keep a close eye on market structure and remember key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.
Right people this is what I am looking at going in to NFP tomorrow.
With the DXY showing a bit of weakness we could see this pair setting up for a sell off but before we do I feel we could beak down below the low to in trap sellers to the market and then look to retrace back up to discount and above an old high before we see real driving selling force for the long move.
So with that in mind I am looking to find a key entry and short term intraday set up to catch the moves.
Keep a close eye on market structure and remember key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.
Fichiers joints:
The situation here now is definitely mixed but may be worth a small sell try even now.
Nice idea but at the moment it appears to have reacted off the weekly gap. Expect it to clear the high and then we'll see if we're continuing up or retracing.
If you can't spot the liquidity then you are the liquidity.
Apr 10 2022 at 14:27
sebking1986 posted:
Nice idea but at the moment it appears to have reacted off the weekly gap. Expect it to clear the high and then we'll see if we're continuing up or retracing.
the higher time frame gaps are so powerful. Its very helpful to have them areas marked in my charts
USDJPY made a bullish breakout at 125.000. This breakout may carry a lot of significance and make the pair remain bullish. It is overbought is some time frames, but considering price action, it looks extremely good for the Bull.
Apr 16 2022 at 14:47
sharabela posted:DXY is just so powerful at the moment it is relentless add to that the weakness in the JPY and it is breaking recent records in price. Only pair that really is moving tbf
USDJPY made a bullish breakout at 125.000. This breakout may carry a lot of significance and make the pair remain bullish. It is overbought is some time frames, but considering price action, it looks extremely good for the Bull.
USDJPY has been very bullish in the daily chart. The pair produced a bearish candle yesterday. However, today's candle has been bullish so far. It means the buyers may get into it again and go long in the pair based on the minor charts. A breakout above the last swing high certainly add bullish momentum again.
I think the pair is going to gun for the highs made in 2002 if DXY doesn't turn around to be honest.
If you can't spot the liquidity then you are the liquidity.
The pair produced a bullish engulfing candle in the daily chart yesterday. Thus, the buyers were waiting to go long in the pair today. It has been very bullish day in the pair. We may see a new higher high in the pair.
Apr 30 2022 at 15:14
sharabela posted:
The pair produced a bullish engulfing candle in the daily chart yesterday. Thus, the buyers were waiting to go long in the pair today. It has been very bullish day in the pair. We may see a new higher high in the pair.
its way too volatile for me to even try and trade at the moment. Can't confidently say i know where the trend is so ill be staying out
sebking1986 posted:The pair is definitely looks unstopable.
I think the pair is going to gun for the highs made in 2002 if DXY doesn't turn around to be honest.
The pair had a bearish correction. Today's candle may close as a bullish candle, which is produced right at a flipped support level. The price may head towards the North again.
FOMC has done little to make me change my mind to be honest. Still bullish dollar
If you can't spot the liquidity then you are the liquidity.
After a long bullish move, the daily chart shows that the pair has produced a Double Top. The neckline has been breached by the price as well. We may see the Bear make some move now. I am going to keep my eyes on the pair to go short.
May 14 2022 at 14:49
sharabela posted:Me too, i think there is an opportunity for a nice short here
After a long bullish move, the daily chart shows that the pair has produced a Double Top. The neckline has been breached by the price as well. We may see the Bear make some move now. I am going to keep my eyes on the pair to go short.
Hoping for a solid retrace to enter on the new down channel
It looks bearish to me now. The price has been heading towards the South slowly. However, it seems that it has found strong resistance, which may drive the price towards the downside with more momentum.
May 22 2022 at 14:34
sharabela posted:
It looks bearish to me now. The price has been heading towards the South slowly. However, it seems that it has found strong resistance, which may drive the price towards the downside with more momentum.
Its a tough one to analyse atm in my opinion. ill be keeping my powder dry. USD is in need of a large retrace after its relentless run
DXY is finally looking like it has broken daily structure so we may start to see the beginning of a downward run and thus also on USDJPY
If you can't spot the liquidity then you are the liquidity.
