USDJPY set up ideas and trades

sebking1986 posted:
Really poor US CPI (YoY) data - 9.1%!

This will rally USD further and keep it moving bullishly here I think.

Yeah think so its such a crazy time inflation is higher than the last 30 years

The pair was heading towards the Moon. It has been having a bearish correction. The buyers may keep their eyes in the pair to go long again at the value area. On the other hand, the sellers must wait for the pair to produce a very strong bearish reversal pattern in the daily chart to look for short opportunities.

The retracement is forming a nice discount buy pending the expected 75bps hike we could see tomorrow. Twice on the bounce is aggressive and will rally USD.

Back with USDJPY

With the rate hikes today and the break of structure on this pair I will be looking for opportunities to ride this down.
At the moment we have had a strong bearish movement with not real retracement to off set price delivery.
I will be looking for this pair to pull back tomorrow in to an area of interest and fib level. the 70% looks optimal From this area i will be looking for price action in London or new York session and targeting the spike gap from last month.

Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this and I will get back to you with an update later on.

Pezza posted:
Back with USDJPY

With the rate hikes today and the break of structure on this pair I will be looking for opportunities to ride this down.
At the moment we have had a strong bearish movement with not real retracement to off set price delivery.
I will be looking for this pair to pull back tomorrow in to an area of interest and fib level. the 70% looks optimal From this area i will be looking for price action in London or new York session and targeting the spike gap from last month.

Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this and I will get back to you with an update later on.

Did you locked some profits?

momo3HC posted:

Pezza posted:
Back with USDJPY

With the rate hikes today and the break of structure on this pair I will be looking for opportunities to ride this down.
At the moment we have had a strong bearish movement with not real retracement to off set price delivery.
I will be looking for this pair to pull back tomorrow in to an area of interest and fib level. the 70% looks optimal From this area i will be looking for price action in London or new York session and targeting the spike gap from last month.

Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this and I will get back to you with an update later on.

Did you locked some profits?

Was thinking the same, would be interesting to find out the management techniques being used

The pair was heading towards the moon. Finally, it seems it has found a level of resistance from where the Bear shows its strength. It may remain bearish for a while as far as the H4 chart is concerned.

Been a very interesting reaction to the technical recession news actually.

USD/JPY set ups

Looking at trading this pair depending on the run of liquidity, We have equal highs and lows along with a FVG. Personally i would like the buy option to come in to play ready for Friday trading but we have to trade what the market gives us and be able to trade in both directions.
The buy idea is a run to the FVG leaving the equal lows and break to the up side to take out the equal highs first before we continue bearish. But we might get the sell option first and if so then break equal highs touch on the breaker and sell of down to the equal lows and continue structure.
Will be looking for BOS in 5/15 min TF, Keep a close eye on market structure and remember key entry and price action will be needed.
Let me know what you think of this set up.

Massive NFP numbers and big spike on DXY so would think those equal highs just went.

sebking1986 posted:
Massive NFP numbers and big spike on DXY so would think those equal highs just went.

Was a big candle or two at 13.30 for sure. Ill be looking at the HTFs this week to see where it will likely be targeting next

USDJPY Trade update from last week.

On the right is the chart and ideas I posted last week and on the left is an update.
As you can see the sells got tagged and running in profit. Currently looking at structure I feel we could go all the way to TP on the sell but will be watching the buy area at London tomorrow to see if we need to shut it down and change bias. Currently running at 5R and seeing what the markets bring for Friday trading. Could be continuation move or retracement of the week move.
This is why you need to manage a trade and watch price action. we do not want to give what we have earn back to the markets.

Let me know if you caught the trade and your set ups in the next week.

The pair looks good for the bull in the H4 chart. If the price makes a bullish breakout at 133.900, it may head towards the North and make a new higher high.

Looks like the CPI data and NFP really set up your sell nicely. Good work!

sebking1986 posted:
Looks like the CPI data and NFP really set up your sell nicely. Good work!

Beautifully done. When fundementals line up it’s so good to see

sebking1986 posted:
Looks like the CPI data and NFP really set up your sell nicely. Good work!

Was thinking the same. Its great when the news actually helps a trade instead of hindering it lol

The pair is traded at a significant level, where it had a strong rejection. A bullish breakout may push the price towards the North further. On the other hand, the sellers may keep their eyes to get bearish reversal pattern in the intra day charts to go short below the last swing high.

Interesting to see this pair not making a HH despite doing so on the DXY this morning. I can see USD gaining more strength from here personally so would be looking for short term long entries.

sebking1986 posted:
Interesting to see this pair not making a HH despite doing so on the DXY this morning. I can see USD gaining more strength from here personally so would be looking for short term long entries.

I agree, its definitely still bullish on DXY and that's only going to mean one thing for EURUSD