USD/JPY Discussion

shorted USDJPY

USD/JPY is to sell more because I am expecting for the pair to create new lower lows as price seems like it wants to truly break the weak support levle at the bottom of the triple bottom. Looks like price exhaustion and plus after the recent break of the trendline, followed by strength meter confirmation, that gives me in a good position to sell USD/JPY and hold for 70 pips. This is on the 4 hourly chart.

Analysis: Based on the H1 timeframe for USDJPY, the technical analysis dashboard shows a Strong SELL (83%) signal from the Moving Averages. MACD, RSI, and CCI also indicate SELL signals, while Stochastic suggests a BUY. ADX reinforces the bearish sentiment with a Strong SELL indication.

The "Overall" analysis, considering M5, M30, and H1 timeframes across the six indicators, currently stands at Neutral. This suggests a mixed picture when looking at the broader short-term to medium-term perspectives, despite the strong H1 sell signals from individual indicators.

The market condition is identified as a Strong Trend. The nearest Resistance zone is identified between 148.020 - 147.341 (353 pips), and the nearest Support zone is between 143.524 - 142.779 (26 pips).

Given the current Strong Trend and the prevalence of SELL signals from the indicators, the price is likely to test the Support zone. A break below this Support could lead to further downward movement. Conversely, a bounce from the Support might indicate a temporary retracement before potentially resuming the trend.

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.

https://www.forexfactory.com/attachm...0?d=1751327732

geometric update H1 always the same chart as a few days ago: resistance area

When i look at your chart I'm like when i grow up that will be me, it appear mind boggling but the precision is razor.
I'm a step ahead before i noticed your work KUDOS

5 min chart for details....

I have improved thanks to all the studies I have done in the last few months on the expansion of the square and the diagonal...but the road is still long...I still have many things to understand..

hit the first trendline angle of 3/4 of the entire climb...and up!
51.6°*3/4=38.7°

the radius of the circle (distance traveled = price) will give the reversal points? =time?

little resistance

update 5 min chart...the second little resistance @ 75% of the circle

5 min update
TIMING SETUP for inversion: 1 and 4 very very good
2 and 3 not very good

update H1

15 min chart...area of support

5 min chart for details....rebound in progress
timing setup for inversion n 5...very very good from post n 90554
here we have price from 15 min chart (area of support) and Time from 5 min chart

5 min chart:
what happens if i add a very simple 50 hour simple moving average?

how about the SL and TP?

Let it run and will close if price reject and close below 144.42