Ichimoku_Trader
Long

To be or not to be (UPDATE 2.0)

FX:USDJPY   U.S. Dollar/Japanese Yen
701 19 21
Still bullish
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SajjadHaider
10 months ago
Hi, I follow your charts most of the time, what if US dollar goes down, you still predict USDJPY will go up?
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Ichimoku_Trader SajjadHaider
10 months ago
Hi

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

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highwisdom Ichimoku_Trader
10 months ago
What does 'MS3" here stand for? Monthly support 3rd rank down?
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Ichimoku_Trader highwisdom
10 months ago
yes
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kallentto highwisdom
10 months ago
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.
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Ichimoku_Trader kallentto
10 months ago
Good for you. It is always best to do what you feel will maximize your profitability.

What is roro?
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kallentto Ichimoku_Trader
10 months ago
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.
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Ichimoku_Trader kallentto
10 months ago
ok

thanks
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highwisdom
10 months ago
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
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Ichimoku_Trader highwisdom
10 months ago
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
Ichimoku_Trader highwisdom
10 months ago
We are moving to the break.
If it happens, we can start looking for sell positions
+1 Reply
MarcielSouza
10 months ago
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.
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Ichimoku_Trader MarcielSouza
10 months ago
Good job
+2 Reply
renk PRO
10 months ago
suspeitava que não seria alterada a politica monetária.
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Ichimoku_Trader renk
10 months ago
Good job
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Sakakikunmakio
10 months ago
Same also... I know ur r genius.. Iam just sayin always look @ big picture.. This pair to easy make money :)
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Ichimoku_Trader Sakakikunmakio
10 months ago
yes it is but only with your guidance and wisdom
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