tntsunrise
Short

USDJPY Key Levels to take note:

FX:USDJPY   U.S. Dollar/Japanese Yen
9441 33 171
9 months ago
USDJPY             Key Levels to take note:
110.67-110.80
Price me be rejected and this level
and break the rising wedge

Look for selling opportunites
if price goes into the zone.
Use RSI to detect the overbought situation
9 months ago
Comment: Now the price is going up to retest the wedge
9 months ago
Comment: look, the price just retested the wedge nicely and fall
9 months ago
Comment:
snapshot
9 months ago
Comment: Remember to take partial profit when price hit support zone.
9 months ago
Comment: As I mention 109.40 has support.
I talked about the USDJPY in my last webinar.
I say, we can long as long 109.40 is not broken.
Now it is 11.40, you can keep your long position with almost 100 pips in profit.
Don't short USDJPY now, because there is no bearish price action now.
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Sakakikunmakio
9 months ago
Heyy jackk thanks.. Seem like advantage for gold gors up :D
Reply
lovymaan20
9 months ago
hi friend...my TRADE is 110.519 (buy) and TP is 111.00 .... its wrong or Right?
Reply
bunah2
9 months ago
Hi Jack,
I am waiting higher to short @ 111.65. I am not sure if it will reach it or not. any thought?
Reply
MarwanALjaadi
9 months ago
Mr. Jack there is a divergence and also your gbp usd trade there was a clear divergence which support the theory ,, why you dont mention it ?
+1 Reply
tntsunrise TOP MarwanALjaadi
9 months ago
it's good you spot the divergence.
+1 Reply
tntsunrise TOP MarwanALjaadi
9 months ago
not every trade we need to use divergence. and i think there no rules says I must mention it?
+1 Reply
jumpot.sa
9 months ago
Wow... Your idea is work... Thank you . :-)
Reply
Miz
9 months ago
Broken out, looks like it is a good short now, thank you Jack :)
Reply
fuqua
9 months ago
to bad it didnt quite get there.
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tntsunrise TOP fuqua
9 months ago
it's ok. the level still valid
Reply
fuqua tntsunrise
9 months ago
so wait for it to get here again ??
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tntsunrise TOP fuqua
9 months ago
yeah.set a price alert. its still there
Reply
YACCINE
9 months ago
Thanks Jack
Reply
Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of an ascending wedge breakout.
Reply
tntsunrise TOP walker.england
9 months ago
my hornor. thank you
+2 Reply
YACCINE
9 months ago
Hello Jack
any idea about this pair ?
Reply
baraq.adnan
9 months ago
Potential H&S in formation - waiting for breakout
+1 Reply
tntsunrise TOP baraq.adnan
9 months ago
potential one
Reply
CryptoTraderOne
9 months ago
It touched the consolidation line and short opened.
Reply
FXMONA
9 months ago
I'm short following this pinbar. Price retest wedge after breakout and form this pinbar.
snapshot
+1 Reply
AndrewCapko PRO FXMONA
9 months ago
exactly, let's hope it works
Reply
Prome PRO
9 months ago
Agree! Good luck :)
USDJPY SHORT
Reply
Prince3k
9 months ago
110,025 is perhaps a good cluster for going short. It is the 61,8 retracement with the ending C @ 108,593 ( 100 % ), 38,2 @108,664
Reply
Prince3k Prince3k
9 months ago
the B was @ 110,131 => C @108,654, 38,2 @108,664
Reply
tom_mok
9 months ago
thanks Mr. Jack,

I am in :D
Reply
Miz
9 months ago
will be a nice short
Reply
serdargurlek
9 months ago
Hi Jack;
You posted a GBPUSD sell and USDJPY sell also. One of these trades will fail if correlation occurs. Do you always trade counter positions no matter what or consider before placing the trade ?
Reply
tntsunrise TOP serdargurlek
9 months ago
that is not counter position. gbpusd sell is now, usdjpy sell is pending, and even i do both of them, i am actually shorting gbpjpy.
it's just cross pairs.
gbp and jpy doenst move the same direction.
Reply
serdargurlek tntsunrise
9 months ago
Yes GBP and JPY wont move the same direction but if dollar strengthens GBPUSD sell will win but USDJPY sell will stop out. I think you got my point. For example you have a EURUSD long position open, then you see another a setup for buying USDJPY, do u take it also? I am having a lot of confusion at this point .
Reply
sam.aziz
9 months ago
Agreed 100% :)
USDJPY short at market for 40 pip risk and 500 minimum reward
Reply
DanielAnthony
9 months ago
thank you for sharing your analysis
Reply
hhc PRO
9 months ago
Hi jack, will start to go down again after this pullback from support on 109.40?, at what price is your TP?. Thank you
Reply
ThaddeusChen
8 months ago
Hi Jack, the chart breaks 110.67, will you short this position?
Thank you.
Reply
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