USDJPY seems to stay in the channel to form the last dip down

FX:USDJPY   U.S. Dollar/Japanese Yen
USDJPY             seems to be at the top considering a very consistent trend channel that started in early April 2016.
In this chart particularly I'm using an inner channel to help define possible support / resistance levels. These also help create a clearer picture of the possible continuation or ending of the trend when digging into 5m and 15m charts.

USDJPY             seems like a good trade, but I'm a newbie, so please share your feedback.
Have a great weekend!
We going up a LOT more:)
Hey @TradZ, I'm very curious to know how you came to that conclusion! Would you like to take a minute to show me?
TradZ Steven_Maas
Srry I'm late, busy trading@the moment. What can I say, a lot of studies and watching the markets on how they react. I've been watching this pair for awhile now and quite frank, it's the ONLY pair I currently trade so, I know where it is headed. Plus, I'm just riding the wave:)
Follow me and I will hit you later. Have to focus:)
+1 Reply
Sure great, thanks and good luck with that trade. Would love to hear about that later then!
TradZ Steven_Maas
Will do! I have three positions opened on this 0ne lol and I've been scalping it yesterday. To be continued...
TradZ TradZ
Yes I'm still In the trade(s) if you are wondering. But I now have 5 positions opened lol
Ideas Scripts Chart
United States
United Kingdom
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