JPY pairs Weekly Outlook and Trade Setups

N
@nsg_usd - 2 weeks ago
Quoted - nsg_usd

USDJPY Trade Update
This setup is executed this week.
Reason: I waited for price to respect the confluence level at 158.53 and create a reversal pattern.
I took the sell trade.
Entry: 157.58
SL: 158.42
TP: 155.56

I closed out the UJ trade I took in London session.
Entry: 157.58
Exit: 157.0798.

Reason: the 4hr candle that closed 2pm formed an intraday low. signalling possibility of price returning back to my entry.

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

On usdjpy after sweeping a Monday low watching closely 157.786 level if price reclaim that level I will take a buy setup to the overall weekly highs

If I'm to buy USDJPY, I'll wait for price to break above the resistance level at 157.80. Then I'll join it for buys when price retests it as support zone.
Entry: 157.71
SL:157.39
TP: 159.12

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

On usdjpy after sweeping a Monday low watching closely 157.786 level if price reclaim that level I will take a buy setup to the overall weekly highs

I'm still having a bearish bias for the intraday on USDJPY as price is protecting the 4hr high it created today at my entry level. I'll be looking for possible sell continuations tomorrow as well.
Entry: 157.69
SL: 158.64
TP: 155.19

A
@asuquokelvin - 2 weeks ago
Quoted - asuquokelvin

Still holding my jpy buy in profit, I entered yesterday

Usdjpy after reacting from the Monday lows yesterday is reversing reclaiming the bullish trend

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Usdjpy after reacting from the Monday lows yesterday is reversing reclaiming the bullish trend

USDJPY has been consolidating the whole of today since Asian and London session.
Price has traded outside the intraday bearish channel but keeps ranging below the entry zone I had yesterday This shows the trade setup is still valid, and it can still decide to sell from that Entry at 157.69 with Invalidation level at 158.41.

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Let price decide it then

Yeah. We'll just watch and see what price will do.
I didn't trade it today, but I'll be following it up for trade opportunities tomorrow.
Another reason I'm more confident with the sells is because, price invalidated the previous 4hr bullish channel, and although price is trading above yesterday's low, there's possibility of tomorrow's Asian session to come and drive price downwards breaking below today's low, before New York session will come in with buys.

I'll be looking to short USDJPY in Asian Session.
Entry: 157.69
SL: 158.41
TP: 155.19

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Am looking at the broader picture, let's just see how price plays out, although still holding my position

Are you still holding this USDJPY trade?

They buys were valid, but I think it will only be short term since price is unable to trade above yesterday's high.
There's a valid demand zone both on D1 and on 4hrs at the 156.00 price region. Yesterday's low is hanging as an inducement liquidity right above it. I'm expecting a drop to take out that low and react at the demand zone for a possible rally.
Entry: 156.27
SL: 155.70
I'll be looking for confirmation before entry, incase price intends to drive down to my original buy zone at 155.50.

N
@nsg_usd - 2 weeks ago
Quoted - asuquokelvin

Still holding my jpy buy in profit, I entered yesterday

I'm Expecting USDJPY to drop down before buys with momentum will kick in.
My Sells are still valid.
Entry: 157.69
SL: 158.41
TP
: 155.40

Expecting sell volatility to kick in during Asian session or Frankfurt Session in the morning.

N
@nsg_usd - 1 week ago
Quoted - asuquokelvin

Am seeing usdjpy buys instead, that level is actually a liquidity level from few weeks ago, price has swept it, I will wait for price reaction around there and take buys

USDJPY- the buys continued after it sold to my TP, and that daily low was swept like I expected and price reacted at the demand zone for buys.
My sell entry was: 157.69, SL: 15843

N
@nsg_usd - 1 week ago
Quoted - asuquokelvin

Chai after liquidating me yesterday it's fine

That's painful. I'll be waiting for confirmations to join the USDJPY buys on the 15mins demand zone.
Entry: 157.47
SL: 157.23

N
@nsg_usd - 1 week ago
Quoted - asuquokelvin

I took this same usdjpy got stopped out but price reversed after taking me out

USDJPY- Price traded down to my entry but it was quite aggressive. I would have taken the trade, but I was done for the day already. It was a quick and precise setup.
Entry: 157.47
SL:157.23

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