FX:USDJPY   U.S. Dollar / Japanese Yen
234 3 0
Pair has posted a hammer and looks to target upside with BOJ starting meeting today.
how about that BOJ! hope you were able to ride that rocket!
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Give you some advice, so you was not the giver of capital.
1. This is not hammer.
2. Hammer works near same probability as throwing coin.
3. Why you want get long transaction if ichimoku send you clear message (TS cross KS from up to down - means first sign of trend reversal)?
4. It is useless drawing fibbo retracement without confirmation.

Take care.
Reply
Thank you for your concern/feedback... I guess sometimes i look at a combination of techs and fundamentals as any trader should. A TS KS cross above the kumo - is a low probability downside prediction... A significant break below the cloud top, or a kumo twist is required for me to flip bearish
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