piphunters
Long

USDJPY: Broke up! Now worth buying

FX:USDJPY   U.S. Dollar/Japanese Yen
1682 34 67
3 months ago
The pair broke up out of the corrective structure in an impulsive manner enough to confirm short term direction change so buying after smaller degree correction next week looks good now.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
3 months ago
Comment:
snapshot
3 months ago
Comment: can still long for a R/R of 1:2.45
3 months ago
Comment:
snapshot
3 months ago
Comment: would be watching 104 area very closely now, a break and we may get a long term trend reversal and a huge trade to the upside.
3 months ago
Comment:
USDJPY: Broke the down trend, big upside possible now
If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
TradZ
3 months ago
Nice!
Reply
piphunters TradZ
3 months ago
thanks
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monzeraljarkas
3 months ago
Great ... Thank you
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piphunters monzeraljarkas
3 months ago
you are welcome
Reply
TradZ piphunters
3 months ago
piphunters!

You mind telling us where you plan on entering? Initially thought maybe there is a possibility that it may retreat back towards 100.3 but I will take my chances on getting in@ or around 102 flat with good leverage :)
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TradZ TradZ
3 months ago
I met 101@least :) I already placed an order@101.97 - Maybe it was too early, maybe not, we shall find out
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piphunters TradZ
3 months ago
it should come down 40-50 pips the least probably, I time my entry based on the structure that develops in LTF so it'll be very difficult to tell you the exact entry but it should definitely be below 101.50
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TradZ piphunters
3 months ago
True! I was thinking of waiting but it looks as if it is set to take off to another level so, I will have to just add on a position if get stopped out. I will let you know of my progress
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piphunters TradZ
3 months ago
it'll come down most probably, no need to hurry, be patient and let price come to you :)
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TradZ piphunters
3 months ago
:)
Reply
USDJPY 10% Move Coming...
+1 Reply
piphunters fortuneteller
3 months ago
happy trading next week
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piphunters fortuneteller
3 months ago
we will need a clear and sustained break above 104 to decimate the big down trend, let's see if the NFP can do that.
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fortuneteller PRO piphunters
3 months ago
i am really bad with breakouts, whats at 104, can you please teach? thanks
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piphunters fortuneteller
3 months ago
104 area is roughly the top trend line of the current larger degree down trend
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fortuneteller PRO piphunters
3 months ago
so just trading above that is important or volumes also?
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piphunters fortuneteller
3 months ago
ya if we are going up obviously
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fortuneteller PRO piphunters
3 months ago
ok, thanks for the reply, but i am still the worst breakout trader. XD
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deepakt PRO
3 months ago
Hello Everyone, I need help.
Yesterday USDJPY came up. EURUSD came down.
I did sell USDJPY at 101.143, That time came down but again gone up and up I am in loss 300$.
And I did buy EURUSD but came down and I am in loss 200$.
Now my total balance is there 450 from 980.

Can I close my both thread should I wait?
Reply
piphunters deepakt
3 months ago
you meant to say you entered the market without stops?? well if you are lucky they will all pullback a bit on Monday
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deepakt PRO piphunters
3 months ago
That came back some points, I thought will come back but no.
I will with loss on Monday morning..
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piphunters deepakt
3 months ago
you can wait until late Monday perhaps provided the trends don't continue but then again we don't know on which side or how big the gaps can be, it rarely does continue on Mondays
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deepakt PRO piphunters
3 months ago
Thank You Bro..
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piphunters deepakt
3 months ago
you are welcome
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ahmetnmsl deepakt
3 months ago
The main trend in USDJPY is down upto 95.. so for USDJPY you can hedge your sell with buy if this up correction continues without closing it.
The main trend in EURUSD is down also until 31/12/2016. It will make dip around this date but i am not sure about the price. probably 1.07-1.08 maybe more. but if it makes a correction you can exit with some small loss or no loss at all. Good luck.
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ahmetnmsl deepakt
3 months ago
sorry but it seems you are using very big lots for this account.. i also started with 1000 but my worst drawdown was 320.5 .. money management is key.
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Wollasnolla
3 months ago
Nice work man! I have one question; went long on USD/JPY at 100.29, should I sell my position and wait for a drop or just hold on to it ?
Thanks in advance ;)
Reply
piphunters Wollasnolla
3 months ago
thanks, 100.29 is an excellent entry and why you wanna sell it, if I were you I would add another position when it corrects and keep the original position.
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Wollasnolla piphunters
3 months ago
Because I have a multiplier of 50 on it :). But thanks for the advise, i'll probably do that!
Reply
piphunters Wollasnolla
3 months ago
you are welcome
Reply
Najib13th
3 months ago
hai mate.is there anyone know if this pair has same coleration with GJ????is that mean GJ will keep bull to??
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piphunters Najib13th
3 months ago
Yes you can expect GJ to trail it nonetheless but if GBP weakens more against USD than JPY you can expect GJ to be pulled back and whichever currency is most weak against the USD will decide GJ direction.
Reply
Najib13th piphunters
3 months ago
very helpful.thank you sir.appreciate that.
+1 Reply
piphunters Najib13th
3 months ago
my pleasure
Reply
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