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Usdjpylongsetup

Elliot Wave + Divergence Supporting Bullish Move on USDJPYUSDJPY moved down in three waves (a)-(b)-(c) from March high. The decline in wave (c) unfolded as an ending diagonal pattern which usually indicates that the end of a trend. The Elliot wave guideline on trading ending diagonal suggests that the price should move at least to the start of the diagonal. In this case, the start of the diagonal is 109.379 marked in black. The wave count is not the only evidence that supports taking a long position in UJ. Prices and MACD had been diverging since April - an indication of decreasing downside momentum, signaling a weakening downtrend. So, a bullish Elliot Wave pattern combined with a bullish divergence makes a stronger case to long USDJPY. What's your view on USDJPY?
Long
by Veejahbee
4
U.S. DOLLAR / JAPANESE YEN (USDJPY) Daily, 4 HourDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the daily and 4 hour arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
by Dinjin
USDJPY LONG! Test of 113.4 (after trendline) is possible! Analysis is Complete though this pair isn't ready for this dual-test move-- Target 108.431 successfully completed from previous Idea. A reiteration of all-time-range (110.188- 113.887) could enhance break of trendline for 113.4. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow, and Support channel for future content. Thank you and happy trading.
Long
by legacyliked