USD/JPY Discussion

looking at UJ to be bearish due to a retest on a counter trendline and waiting on a breaking through wedge and it's previous low at 145.216 ..... but price still looking bullish due to it's HH's& HL's.... waiting on more bullish and bearish bias.

The USDJPY price action on the daily time frame is in bullish mode. Presently, it is tackling the 146.050 horizontal resistance area, but we may see a northward market engineering to an intra-day area of value before a southward correction.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Please say something or may direct me with some study materials, i.ll be greatful

Analysis: For USDJPY on the H4 timeframe, the dashboard indicates strong bullish momentum. Moving Averages (MA), MACD, and Stochastic all signal a "BUY," with MAs showing 100% strength. Conversely, both RSI and CCI are in "Overbought" territory, suggesting potential for a pullback.

The "Overall" analysis, which averages indicators across M5, M30, and H1 timeframes, presents a "Neutral" outlook, implying mixed signals in shorter durations.

The market is currently in a "Medium Trend." Key levels include immediate resistance at 146.9680 and significant support at 142.7790.

Regarding trading strategies:

1. Scalping: "Waiting for Signal."
2. Daytrading: Active "BUY" signal at 146.6860 (TP 147.0409, SL 146.4021).
3. Swing Trading: Active "BUY" signal at 146.7010 (TP 150.1286, SL 143.9589).

Disclaimer: This analysis is based solely on data from the provided dashboard and is intended for educational purposes only. Trading involves risk, and by following this analysis or its signals, you may incur financial losses. Please exercise caution and make your own informed trading decisions.

Attached File(s)

Technical Analysis Dashboard v4.24.zip   441 KB | 89 downloads

as always simple geometric update on H1 chart...expansion of the diagonal from first swing :

This was my trade today. Touch of D and W line and then reversal.
Actual trade was taken on 5m.
1:2 bigger SL because of news.

geometric update...rebound in progress..

What type of strategy is this???

5 min chart for details...

everything is mathematical...even the market...and geometry is the visual form of mathematics

too bad I'm NOT a mathematician!!:)

if you have time and want to learn more, read here:

https://www.forexfactory.com/thread/...kins-teachings?

I like to put the upper TF sma on lower TF.....Will the SMA 200 H1 provide further support or will it be crossed?

looks good….

another rebound in progress on 5 min...hit sma 2400

True Master at work
Very impressive

in these 2 points where I wrote: "rebound in progress..." we had the square line on H1, the 2400 SMA on 5min ... now I highlight on H1 the blue circle and the X point for the timing of the reversal setup... the bounces HAD to be there... it had to stop there and there it stopped. how much will it go up? will it go down further?? I don't know!!
obviously you can never be sure...but in certain situations the risk is very small

on 5 min chart I updated the circle based on the last swing....

This looks pretty cool.

expansion of the circle gives resistance...USDJPY hit 1.4142/1.618% and down!

geometric update on 5 min chart