newbie2016
Short

USDJPY Sell Stop Setup As Per Weekly Chart... Breakout Trade!

FX:USDJPY   U.S. Dollar/Japanese Yen
363 19 13
5 months ago
Details on chart
5 months ago
Comment: USDJPY Bouncing from weekly big support but not going above 106.4 and 106.65.

FOMC kept usdjpy under resistance and we have small weekly gap to cover at 106.9. Lets see what we get from BOJ..!!!
5 months ago
Comment: I have booked 70% of my profits as I was short from 105.6 and 106.06.
CaliCrypto
5 months ago
you anticipate further dropping come the new tonight?
Reply
newbie2016 CaliCrypto
5 months ago
there can be spikes as we have BOJ press conference and Monetary Policy Statement. I am bearish but cautious... we have a very small weekly gap to cover as well at 106.9.

Any decisive break of 105 will drag pair towards 104 and towards 101.
Reply
CaliCrypto newbie2016
5 months ago
Are you referring to the April 2016 to June 2016 weekly gap?

Everybody thinks UJ is going up from here...i just don't see it
Reply
newbie2016 CaliCrypto
5 months ago
i am talking about 13 June 2016 gap... Monday gap! and regarding going up... there is possibility of uj jumping high as BOJ can really drive uj crazy... other thing uj is sitting at big support.. last time this support held and uj jumped 2000 pips from this support.. check left side on my chart..

Break of this support will drive uj crazy.. and will open doors of 94..
Reply
CaliCrypto newbie2016
5 months ago
so basically, tonight will tell us where UJ is heading
Reply
newbie2016 CaliCrypto
5 months ago
yes tonight.. either uj will blast upside or downside... break 105 will mark 100 pips fall towards 104 and on upside only break of 106.65 then of 107.3 will confirm bullish action towards 108.4 and high.. below 106.65 chances are very high towards 104.
Reply
CaliCrypto newbie2016
5 months ago
so i guess nothing happened? lol
Reply
newbie2016 CaliCrypto
5 months ago
damage done... breakout! 104 very soon and below..
Reply
CaliCrypto newbie2016
5 months ago
Nice! well done sir!
Reply
newbie2016 CaliCrypto
5 months ago
thx.. but no Sir!
Reply
CaliCrypto newbie2016
5 months ago
next target price?
Reply
newbie2016 CaliCrypto
5 months ago
tomorrow last day of trading.. so expect some retracement up... but use that for shorting usdjpy... it has opened NEW PANDORA BOX... going below 105... i am expecting 94... in coming months... till sept. or start of august...
Reply
newbie2016 newbie2016
5 months ago
sorry start of october..
Reply
CaliCrypto newbie2016
5 months ago
just shorted at 104.365 at the top of the second wave
Reply
CaliCrypto CaliCrypto
5 months ago
what's the latest on your analysis for this pair?
Reply
newbie2016 CaliCrypto
5 months ago
100.7 and 94
Reply
CaliCrypto newbie2016
5 months ago
really...so this double bottom here is gonna break
Reply
newbie2016 CaliCrypto
5 months ago
upside break required of 105... if not downside is open no matter double bottom.
Reply
CaliCrypto newbie2016
5 months ago
thoughts? looks like a good short at this moment...
Reply
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