Dollar vs. Yen - Long Term Swing Trading Idea - 08-th Jan 25'

已更新
USDJPY from 20-th Dec' 2024 to 6-th Jan 2025 created A-B-C-D-E formation which is 4-th wave. 快照

Then from 156.25 area till 158.55 created 5 waves and finished the trend.

Our expectations for the next few days are the price to retrace at least 250 pips till zone of 156.00 and there will find support. Long term idea is to reach 153.00 level in period of one month.

EURUSD is at weakest and creating a swing low at levels over 1.0250-1.0300. If EURUSD bounce back to 1.0600 that will confirm the USDJPY trading idea for weaker dollar in next few weeks.

Trading idea parameters are as follows.
Entry: 158.50
Stop 159.50
Target 153.20
交易進行
註釋
Tomorrow on NFP - there is a probability for a new high above 158.55 and then to drop at least 200 pips to 156.50 area
註釋
As expected new high is a fact. In next couple of hours the price will come back to 158.00 area first then 157.25
註釋
The price is already in 158.00 area, now the best way is to range and then another leg down.
註釋
快照 Following the plan on the chart. Five impulsive waves down confirm the downtrend.
註釋
USDJPY heading to the first target of 153.20. At the moment trading idea is at 280 pips profit.
Chart PatternsdollaryenHarmonic PatternsUSDJPYWave Analysiswaveanalysissyen

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