FreshOilTrader
Long

USDJPY STRONGEST TRIANGLE! DON'T UNDERESTIMATE IT!

FX:USDJPY   U.S. Dollar / Japanese Yen
524 views
9
You can see that I have had forecast in January of USDJPY . I had supposed that trading USDJPY in 2018 will not be so simple task. We could see now that it looks to be true. I suppose that it is still unclear now which direction pair does prefer and how to trade it. However I want to publish this setup as my deep thinking about potential pair move. I could be totally wrong and pair could moves in fully opposite ways.

We could see HUGE massive triangle on Daily. It looks almost perfect, we could just look on it and enjoy of market beauty. Perfect triangle!

Now... we could see that MAs has already crossed (44&77) and looks like 44 could cross 200 SMA soon. If this happens... it is very very good sign of potential pair's rise. However this setup is based on assumption that price could move in both sides of triangle - first upside & afterthat downside. Interesting, right? Let's wait and see if such crazy idea comes true or not.
Trade active
Trade active: Price has just broken triangle upside. Let's hope for a best!
Trade active: Excellent! Superb dynamics!
Trade active
Trade active
Trade active
Trade active
Order cancelled
Trade active: Looks good again.

Comments



Price hasnt broken the triangle yet.. but nice idea. It may, and it would be significant indeed.
+1 Reply
@Lanmar, Thank you for your comment and a chart. Looks like it has already broken the triangle. And also I like it's dynamics.
Reply
Lanmar FreshOilTrader
@FreshOilTrader, yes very strong dynamics. Great foresight!!
+1 Reply
This looks awesome
+1 Reply
@Nshan, Thank you!
Reply
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