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Jpylong

EURJPY / 4H / POTENTIAL DOWNSIDEWe're seeing potential further downside on EURJPY with a handful of factors that are currently providing confluence. We've retraced to the 61.8 fib level which coincides with our resistance fractal. This is further supported by our downward trendline and what is potentially a wedge that is forming. It is still too early to enter and we must wait for the price action to develop accordingly along with the wedge to break. Keep a close eye.
Short
by MeetMattL1
1
Nikkei 225 set for Long moveIts been a while since I published. Ive been checking Nikkei 225 for a while. The market has moved to a long standing Bull Trend line, where its developed Bull reversal this trading week over the last two days. With Asia session about to begin, watch for strong continuation. Yall know how JPY react. Very solid movers once a move is in play. This current level is perfect to catch the wave, with previous High being high probability TP. Price Action Pmlani thePeoplesTrader
TVC:NI225Long
by PriceActionPmlani
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.
Long
by krugman87
USDJPY Falling WedgeThe Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout. First Target 106.70 Good Luck Thank you ----------------------------------------------- Do not read and leave .... Like, Comment and Follow ,,,, its' so easy :)
Long
by AnaKingKong
CADJPY seeing major resistance!Price is starting to see major resistance below 89.24 (50% Fibonacci retracement, 61.8% Fibonacci retracement, 78.6% Fibonacci retracement, horizontal swing high resistance, bearish price action) and a strong reaction could occur at this level to drive price down to 88.52 support (Fibonacci retracement, horizontal pullback support). Our next major level of resistance is at 89.71 (Fibonacci retracement, horizontal swing high resistance). Stochastic (34,5,3) is dropping nicely below our 100% resistance level and shows good downside potential. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
Casual 2000 pips boysTechnically: rising wedge (bearish) Fundamentally: JPY short positioning overextended JPY safe haven in the event of equity downturn GBP strength keeps inflation low - BoE will not hike Brexit uncertainty remains GBP positioning not overextended - room for shorts to build Sentiment Speculative market sentiment is very bearish yen; underestimating possibility of yen strength in case of events like August 2015 Sentiment is neutral/bullish GBP Trade structure Short at spot. Add to position when wedge is broken. Add to position every 100-200 pips of downside, trail stop to profit Scale out at 130-125 yen
Short
by Exercise-Discipline
13