This Sharp Reversal on the USD JPY yesterday would have taken my Stop Loss had I traded it..
It was a tempting setup but there were some important reasons that caused this reversal and led me to avoid this one
These types of trades can be tempting especially when the 4 H Chart offers 100 Pips. But what I find is that targets of less than 100 Pips or 100 Pips exactly tend to be associated with weak setups and signals. So even though the 4 H had strong Bearish Signals, the Signal on the Daily Chart was weak. This usually leads to volatility and reversals on the lower time frames.
As you can see, the last Bearish Candle was fairly weak compared to those that normally lead to strong moves such as those that led to the strong downtrend on the left hand side of the chart.
Key is to always keep an eye on the Daily Chart despite how strong the signals on the 4 H Chart maybe.
Usdjpy plays the range, consolidation pattern 110.80-114.60 Strong resistance at 120.40 Support level below the lowest price will target level at 106.00 area, as long as the usdjpy stay above 106 meaning the bullish trend didn’t over yet, but keep staying below 114.60 is not a good sign Moving above 114.60 will lead to 116.40 resistance while crossing this level could give us the 118.20 area
The USDJPY had a bullish momentum last week after a failure to make a clear break below 110.96 as you can see on my daily chart below, topped at 113.32 and hit 113.55 earlier today. The bias remains bullish in nearest term testing 114.50, which is a good place to sell with a tight stop loss as a clear break and daily close above 114.50 could trigger further bullish scenario testing 116.00 or higher. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term testing 112.50/35 area.
let's check usdjpy technical analysis USD/JPY's recuperation was constrained at 113.81 a week ago, just underneath specified 113.81 resistance, and switched. Further, fall would be seen for this present week for retesting 110 first and then to 108 area my viewpoint will stay bearish as long as the usdjpy stay below 113.81. In any case, break of this resistance will show close term inversion and turn viewpoint bullish. In the master plan, value activities from 125.85 medium term top are forming into a more profound revision. Break of 106 resistance is should have been the primary indication of fruition of the trend. pattern consolidation suggests also that break of 110.50 will bring the next level to 108 area
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.