TerryHarmonicTrading
Long

USDJPY - Trend continuation next week

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey guys, just updating on my USDJPY             analysis I wrote about last week.

Price has missed my buy setup and gone up after the Fed interest rate announcement.

With that, I will be adopting a trend following approach to my trade next week.

The yellow zone represents my potential buying zone for next week.

The MA on my chart that I use to plot trend is 34 high and 34 low.

Anytime the price retest this band, at a prior support and resistance zone, it signals a buy after a pinbar completes on the pricebar.

Stops has to go below previous low.

34 high and low is my personal favorite MA settings which is based on Fibonacci.

Let's ride this trend until we are proven wrong or when a bearish harmonic pattern completes potentially above 106.
Trade closed: stop reached: Went in at 102.40, stopped out at 101.80. Time for the next trade.
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out