USDJPY set up ideas and trades

Mar 10, 2022 at 21:17
5,160 Zobrazení
113 Replies
Členom od Oct 17, 2018   103 príspevkov
May 26, 2022 at 18:11
USD/JPY back on the charts

I have not touched this pair for the last month as we seen higher highs getting taken all over the place.
Now currently we have seen significant breaks across different timeframes and now broken a daily swing point.

We have retraced slightly and we are back above the 50% level and currently in sell side liquidity.

Ideally we want to break above the previous highs set out today and then break back down with some speed to show willingness to the down side.

Todays 4hour set up DID NOT TAKE THE LOWS so watch out as we could be in for a short term reversal also then you need to switch your bias.

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.

Prílohy:

Členom od Jul 20, 2020   399 príspevkov
May 28, 2022 at 10:19
I like the look of this. Especially with the liquidity to the downside and DXY in a corrective pattern
Členom od Oct 20, 2018   300 príspevkov
May 30, 2022 at 20:25
Is the SL hit already?
momchil_slavov@
Členom od Oct 17, 2018   103 príspevkov
Jun 02, 2022 at 19:23
USDJPY

This pair has had a huge break back to the upside.
Pushing up and grabbing liquidity, with NFP tomorrow price has been driven to an area and depending on the news out come. USD has shown some upwards retrace over the last week .
If we were to break above then there is no stopping the pair on the upwards move.

As you can see we are at the 79% on the fib level of the move and stalled, from here I will look for the market session in the morning and wait for the break of market structure from there
 key entry and price action will be needed.
Make sure you use proper risk management when trading. Let me know how you get on.

Prílohy:

Členom od Jul 20, 2020   399 príspevkov
Jun 05, 2022 at 14:47
So hard to gauge where this pair is going with DXY being so hard to predict. I like your analysis though appreciate your updates :)
Členom od Dec 09, 2013   139 príspevkov
Jun 07, 2022 at 05:58
The pair made another significant bullish breakout in the daily chart. It may make new higher high and it looks to be a buyers' paradise now.
Členom od Apr 09, 2019   538 príspevkov
Jun 07, 2022 at 14:12
DXY pretty much in a range so far this week. Waiting for it to show its hand.
If you can't spot the liquidity then you are the liquidity.
Členom od Oct 17, 2018   103 príspevkov
Jun 09, 2022 at 16:54
Back with USDJPY

This pair has been on a ride lately and no entry or set up from its last move. This time I am currently in the move and looking to hold for an 8% account gain.
Currently we have seen this pair punch up higher then before taking out all the sellers over the last week. Finally today there was a break of structure to the down side, clearing the yellow low marked out.
With the use of the fib and a lower time frame entry and small gap in price I found my entry. with SL above with room to move will be holding over night and looking for price to break down over the London session.
If this move plays out then 8% account growth would be enough for the whole week.

Make sure you use proper risk management when trading.
Let me know how you get on.

Prílohy:

Členom od Jun 11, 2022   1 príspevkov
Jun 12, 2022 at 06:34
sharabela posted:
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 gree with you.
Členom od Jul 20, 2020   399 príspevkov
Jun 12, 2022 at 10:40
Pezza posted:
Back with USDJPY

This pair has been on a ride lately and no entry or set up from its last move. This time I am currently in the move and looking to hold for an 8% account gain.
Currently we have seen this pair punch up higher then before taking out all the sellers over the last week. Finally today there was a break of structure to the down side, clearing the yellow low marked out.
With the use of the fib and a lower time frame entry and small gap in price I found my entry. with SL above with room to move will be holding over night and looking for price to break down over the London session.
If this move plays out then 8% account growth would be enough for the whole week.

Make sure you use proper risk management when trading.
Let me know how you get on.

Would of been a nice recent low to attack for sure. Such a tough pair to trade at the moment
Členom od Oct 17, 2018   103 príspevkov
Jun 16, 2022 at 14:10
USDJPY

This pair looks to be making a drop and has broke structure on the 1 hour TF and leaving relative Equal lows on the 4 hour with the last candle.
I will be looking for 1 of the 2 set ups to form at my points of interest. Looking at both sides of the market for an intraday Buy or Sell.
With the sell set up I am looking for a retracement in to the daily OB an then continuation pushing further down breaking the equal lows.
Or for the Buy for price to continue down the the open imbalance in price and also touch back on the old highs of start of May and then push back up in to the FVG gap on the 4 hour set up.

Both of these set ups would yield around 10% account growth so looking for a good entry is important also.


Prílohy:

Členom od Dec 09, 2013   139 príspevkov
Jun 21, 2022 at 07:53
The level of 135.600 holds the key. A bullish breakout may push the price towards the North further. The pair has been bullish for a long time. Thus, the Bull may show its strength occasionally, but it has been over bought as well. Both the buyers and the sellers are to be very cautious with this pair.
Členom od Oct 17, 2018   103 príspevkov
Jun 23, 2022 at 19:50
USDJPY

Back with a similar set up to last week with the break of structure on the 1 hour TF .
With this set up I am looking for 1 of the 2 set ups to form at my points of interest. Looking at both sides of the market for an intraday sell and longer idea to buy.
With the sell set up I am looking for a retracement in to the OB an then continuation pushing further down breaking the lows and in to the Gap.
Or for the Buy for price to continue down to the gap towards the bottom and then back above the old highs.

Both of these set ups would yield around 5% account growth so looking for a good entry is important also.

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.

Prílohy:

Členom od Jul 20, 2020   399 príspevkov
Jun 25, 2022 at 16:08
I like the look of the buy once the recent low has been swept. Ill keep an eye on this moving forward :)
Členom od Oct 17, 2018   103 príspevkov
Jun 30, 2022 at 18:17
USDJPY

This pair came back to take out the highs again, from here we can map out what happened after the high got taken and how we could take advantage of the situation day trading.

But currently on the higher TF we are still bullish.
with no current set ups or clear direction I though I would share some of my thought process when looking at charts and reading levels.

This is somthing important to practice and learn, identifying areas and concepts that you would look out for when trading.

Study the charts and how they are moving.
Let me know what you think.

Prílohy:

Členom od Oct 17, 2018   103 príspevkov
Jul 07, 2022 at 19:56
USDJPY Trade idea

This pair is currently in consolidation and waiting to break out. For a while now this pair has been bearish dur to dollar strength and yen weakness. This week we have seen the Dollar rally again but with USDJPY holding showing a form of divergence.
With NFP tomorrow I will be looking for a manipulation move to the upside and then feel we could head south back in to the old FVG low.

This is just an idea for now and we could see the opposite happen depending on the market makers. But just remember news gives an opportunity to drive price. Therefore we do not trade the news event but the aftermath. This idea would take the buyers out the market and then form a BOS bearish on 4hour TF.

Prílohy:

Členom od Jul 20, 2020   399 príspevkov
Jul 11, 2022 at 11:48
Nice analysis. ill be keeping on the sidelines for the moment just too much going on with JPY
Členom od Apr 09, 2019   538 príspevkov
Jul 12, 2022 at 14:17
Agreed and with DXY still firing on all cylinders it's tough to call.
If you can't spot the liquidity then you are the liquidity.
Členom od Dec 09, 2013   139 príspevkov
Jul 13, 2022 at 06:20
The pair still looks bullish. It is over baught in some major pairs. Thus, it may take some time to make its next bullish move. For the sellers, it is going to take time for the pair to offer them short entries.
Členom od Apr 09, 2019   538 príspevkov
Jul 13, 2022 at 12:48
Really poor US CPI (YoY) data - 9.1%!

This will rally USD further and keep it moving bullishly here I think.
If you can't spot the liquidity then you are the liquidity.
You must be connected to Myfxbook in order to leave a comment
*Komerčné použitie a spam nebudú tolerované a môžu viesť k zrušeniu účtu.
Tip: Uverejnením adresy URL obrázku /služby YouTube sa automaticky vloží do vášho príspevku!
Tip: Zadajte znak @, aby ste automaticky vyplnili meno používateľa, ktorý sa zúčastňuje tejto diskusie.