tntsunrise
Long

USDJPY Another Buying Opportunity

FX:USDJPY   U.S. Dollar/Japanese Yen
16136 53 240
USDJPY             Another Buying Opportunity

FOMC is likly to increase the Rate this week.

Hence the fundamental will support USDJPY             to go higher
But Remember, Don't Chase the price.
Buy Low, Sell High.

Price has broken the channel since last time we bought
from 112 area.

If the price pulls back to 113.14 (0.618)
I will be interested to buy USDJPY             again
to catch another wave of rally.
TP1: 115.50
TP2: 118.00


Comment: waiting for FOMC meeting. hopefully it can give this long entry
Comment:
snapshot

Getting Closer , Watch for price action when it hit the level
Trade active: Hit 113.15, 1/3 Order Filled. will look to buy the other 2/3 when price pull back.
now is 113.45, in money for 30 pips
Comment:
snapshot
Comment:
snapshot

Will Update if there another new trade for usdjpy
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Good luck king
Reply
between now and fomc what event could trigger that pullback around the $113.14 area
Reply
gbirbi MDSADI
@MDSADI, Reuters poll: BOJ expected to pull back from stimulus maybe as early as this year
+1 Reply
MDSADI gbirbi
@gbirbi, we would know for sure once the monetary policy statement points that out this Thursday....

Thanks for the heads up, bt that might result in even deeper correction
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@MDSADI, when you buy early then on sudden moment you get margin call, thats the big event :)
+1 Reply
Great idea
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117.50 looks like strong resistance.
UJ Before FOMC We go SOUTH on HIKE? 110.50?
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I've just set Buy Limit at that level although it's quite far from current price.

Thanks Jack.
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Agree ... Thanks for the follow-up
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hi
Could we
  Entering a deal to buy now ???
thanks
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Thanks Jack!
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perfect Jack!!!
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Great
I'm on this ride
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Why Dollar will strengthen?

Last time interest rates went up (Dec 2015 and Dec 2016) Dollar moved south.

I don't get it, could anyone explain me that?!
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@Simon_says, yes, i can explain to you, for sure, i can see you need to stop, you are hurting yourself for something which you dont have any control of
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smart_teast halimbashery235
@halimbashery235, Good answer.. Hahahaha
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hmm
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Hey, Do you guys know any good ETF to trade Yen and US$?
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@tntsunrise Hi Jack... are we getting close? What are your thoughts on this? Has it changed. Cheers
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halimbashery235 gaptraderhq
@gaptraderhq, yes it will change if jack ripped your banks, cheers bro
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gaptraderhq PRO halimbashery235
@halimbashery235, ??? Whats that mean?
Reply
I think were going lower we broke some serious support levels
+1 Reply
I'm in profit about 50 pips with the buy limit at 61.8.

I will take a quick profit and move stoploss = entry then waiting for a kind of reversal pattern like double top or harmonic to enter again.

Thank you very much Jack.
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tntsunrise TOP CuongTran87
@CuongTran87, GOOD JOB FOR YOU
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smifflar tntsunrise
@tntsunrise, would you be looking to add the second 2/3 at a retest of the low of the pin bar? Wait for bullish reversal pattern around that area?
Reply
What price you are looking at 2 buy the other 2/3 and why did you not buy the full at 113.14?
+3 Reply
@onno, double top
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smifflar leeweechong
@leeweechong, why would he be looking to buy on a double top? Sorry bit confused?
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and 1 hours RSI bottom deviation
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Thanks Jack ,i am learning to be patience,wait for the market come to you and a nice pin bar
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Mr.Jack You are an artist & engineer of Forex
+1 Reply
i just bought uj on 113.391 what u guyz think uj ll go for long
+1 Reply
The concept is not buy low sell high, but buy high and sell higher: sell low and buy back to cover lower. Never try to pick a bottom by buying low. Your trade is losing. The nearest significant support is at around 112. Good luck watching it fall.
+2 Reply
I THINK IT NIGHT GO DIPPER AT 78.6 TO COMPLETE THIS CYPHER PATTERN IN 1 H TIME FRAME
snapshot
+1 Reply
gulz alimaged
@alimaged, Think about a shark pattern also
Reply
@alimaged, Correct me if i'm wrong but doesn't the AB leg of the cypher pattern need to retrace to the 61.8% retracement?
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alimaged IkeOkeke
@IkeOkeke, it could retrace from% 38.2 up to% 61.8
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very good set up..had the same bias for UJ
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End of the head and shoulders pattern...Greetings...
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It's look so hard to going up ... still waiting
+1 Reply
good morning Mr.jack please any update ?
+4 Reply
Dear Jack, might you give us an update about your view? I entered long at 113, but I' m in red... Better to wait or close the position?
Thanks as always
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what's wrong with your long position?
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val_trader jesse8108
@jesse8108, now we we are at 112.645...
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val_trader val_trader
@val_trader, 112.55 and still falling ...
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If you are following someone's (experts) trade ideas
You have to be patient! It takes time for price to move. Stay tuned for updates! Thank you
+4 Reply
Now 111.5!
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what is the cut loss point ? 110?

price keep moving lower and lower
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224 ILIKE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Jack, please, might you give us an update ? USD is dead ?
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Come on guys, he's good at analysis but he's not a magician. You know all the risks
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@tntsunrise jack seems we hit a nice resistance at 110.750. Lets see it this is the turning mark to go long? Cheers
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Strong Bearish trend..and broke the daily support 111.7 - 111.5..focus sell
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