TomProTrader
做多

USD/JPY - Continuation Move

FX:USDJPY   美元/日元
Hi traders, I hope you are all having a nice weekend. Here is a nice trade for next weeks trading.

Here we have USD/JPY on the 4H chart.

Price recently had an impulse up move, and then an downward correction. The downward correction stalled when price hit the Fibonacci key retracement support level . With this in play, and knowing that we had a previous impulse leg beforehand, it is clear we are in a 3 wave up move, and that this corrective pullback is merely a pullback before the next up move to our target level of 114.40

When analyzing the pairs behavior after the long term downtrend, I discovered that price has only just broken out of a downtrend channel . The resistance channel would indicate down trend was persisting, but since we did not only break the level, we had an impulse leg out of it, it is clear there is strength in this pair, and there is a reason it is rallying.

^ This does not happen by chance. It happens for a reason. Trade what you see not what you think!

Bare in mind that price could have a retest on swing low before the next move up, at around 113.30 to 113.10.

I have added my other recent FX ideas into the related ideas section of this post. I would appreciate it if you could view my other FOREX content and give it a like as this motivates me to post more content.

I will be updating my analysis.

Any questions, feel free to connect.
评论: I have reanalyzed USD/JPY on the 4H chart.

Price nicely stalled as predicted. I am now expecting the correction to get a little bit deeper and hit the support area at around 113.20.

When price hits 113.20, I will be watching this chart carefully for a long opportunity to catch the up impulse.

The target for this trade will be a measure move of the previous impulse at 114.50.

Join our VIP Signals group:

- Telegram: @Tomprotrader
- Email: Tomprotrader@gmail.com

Public Telegram Channel: https://t.me/CryptocurrencyTradingIdeas
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出