TAS
Short

USDJPY testing the end of the triangle at the trendline

FX:USDJPY   U.S. Dollar/Japanese Yen
1106 16 33
USDJPY             testing the end of the triangle at the trendline . I'm expecting price to fall tomorow with NFP and start the move of wave 1 of 5
I think so. But if nfp positive. Then it may go 106
Reply
TAS ruselforex
NFP does not change the trend. Intraday yes, daily no, so on the daily we have this and it looks like a continuation triangle. It will spike higher, but I'm thinking it will fall even if the news is good.
snapshot
Reply
NFP we goin all the way up!
Reply
TAS TradZ
Ok, thanks man.
Reply
Thanks TAS...Great observation.
Reply
TAS piptamil
Thank you
Reply
thank..very good forecast.
Reply
TAS nurfirdaus
we'll see today if it is anygood. :)
Reply
This up move might have been expectations of positive NFP? I can see back down regardless of NFP if we can stay below 104 region.
Reply
TAS _VincentP_
Vincent, Would you agree that some people in big banks already know what the number is going to be?
+1 Reply
Banks, hmm, not sure. But I wouldn't be surprised if they at least get rough estimates on the day itself.
Reply
TAS _VincentP_
So if they knew the info, or mutual funds, would they try and get the best price before a move? And the best price before a move would be far away from the target. So for me, if price goes up before news, there's a high probability of falling after. Anyway, don't trade today
+1 Reply
I'm staying out till at least an hour after NFP unless market makes a clear move for usdjpy, audusd and eurusd.
Reply
TAS _VincentP_
Staying out sounds good. The market is here on monday :)
Reply
Stop above 104.45, wave c top?
Reply
TAS asifrazzaq
Stop depends on money management and your timeframe of choice. But yes, wave C and E are at the same level, so above that
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
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