Ichimoku_Trader
Long

To be or not to be (UPDATE 2.0)

FX:USDJPY   U.S. Dollar/Japanese Yen
704 19 21
Still bullish
Hi, I follow your charts most of the time, what if US dollar goes down, you still predict USDJPY will go up?
Reply
Ichimoku_Trader SajjadHaider
Hi

Well it depends what happens with JPY
Reply
You suggest getting right back in long while it's still very low?
Reply
It's an option but a bit risky
You can do it though at the MS3 line if you want

Reply
highwisdom Ichimoku_Trader
What does 'MS3" here stand for? Monthly support 3rd rank down?
Reply
yes
Reply
kallentto highwisdom
I think I will avoid any buys for now, cause RORO has changed and if you look at Daily chart, you will see we are in a bearish daily trend.
Reply
Good for you. It is always best to do what you feel will maximize your profitability.

What is roro?
Reply
kallentto Ichimoku_Trader
I received a news letter from my broker saying "RORO is back: Risk on – risk off resurfaces - HSBC"
I think RORO is Risk on - Risk Off. They say we are back into Risk on (I don't know if this is the truth or not)
When there is risk, investors will go forward to JPY and CHF.
Again I'm not an expert. Thank you for all the charts you post.
Reply
ok

thanks
Reply
https://www.dailyfx.com/forex/market_alert/2016/04/28/Yen-Soars-as-Bank-of-Japan-Leaves-Monetary-Policy-Unchanged.html

BOJ didn't change monetary policy, hence the jump back to last week's levels. Maybe now we will see the drop to 105 and maybe 100
Reply
That expectation is not in line with the current market structure. THe structure is bullish. To become bearish we have to break the critical level. ONLY then should we think bearish
+1 Reply
We are moving to the break.
If it happens, we can start looking for sell positions
+1 Reply
I took this sell as BOJ react differently from expect monetary policy, your analysis was quite sure, BOJ surprise the market we are going to fall until 105 and maybe there they will intervene on market.
Reply
Ichimoku_Trader MarcielSouza
Good job
+2 Reply
suspeitava que não seria alterada a politica monetária.
Reply
Good job
Reply
Same also... I know ur r genius.. Iam just sayin always look @ big picture.. This pair to easy make money :)
Reply
Ichimoku_Trader Sakakikunmakio
yes it is but only with your guidance and wisdom
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out