colinsheen
Long

USDJPY beware of sharp reversal

FX:USDJPY   U.S. Dollar/Japanese Yen
413 15 5
At least i will not short at this level or if you have open short i'll at least close some to lock in profit.
Thrust out from triangle are meant to be reversed sharp and fast.
BusinessInMotion
10 months ago
Dude, we will never see such a correction / bear rally till 100! US boys are unwinding trillions of carry trade! What we see here is BLOOD BATH not trade! Keep shorting till 100! If it break 100 the next one is 75! Long positions are going to be wiped out by this logarithmic tsunami! To bet against this doomed cross you need trillions, which I assume you don't have!
+1 Reply
colinsheen PRO BusinessInMotion
10 months ago
expect the unexpected :)
Reply
BusinessInMotion colinsheen
10 months ago
Bro, it seems that you have cash to waste! I don't dismiss a extremely short 1 - 1.5 figure bounce cos of short covering, but more than that is just an invitation for more sell! Im short since 119, and I will keep selling till hit 75!
+1 Reply
colinsheen PRO BusinessInMotion
10 months ago
no man, i don't. i do not have any position on jpy crosses. just watching. "an invitation for more sell" <- totally agree with this as you can see my arrows.
Reply
BusinessInMotion colinsheen
10 months ago
when you see 1-1.5 correction, go for a long position. After break 110, you could add more! This is a building collapse, not a currency trade! Nothing could stop it until is n flat!
+1 Reply
BusinessInMotion
10 months ago
Check the charts!
+1 Reply
colinsheen PRO BusinessInMotion
10 months ago
I'm wrong, thanks mate :)
Reply
BusinessInMotion colinsheen
10 months ago
Mate, I have seen this movie couple of time! First time I was wrong too!!! Since then, I do hold all my savings in JPY! The rest of currencies are toilet paper!
+1 Reply
colinsheen PRO BusinessInMotion
10 months ago
yeah this is a big blood bath, but i'm just worried chasing at this level is as dangerous as catching the knife. I myself is still flat on jpy crosses though.
Reply
BusinessInMotion colinsheen
10 months ago
there is a big risk at this levels to see the BOJ getting involve! When they do, we could see a 4-6 yen artificial correction that are going to wipe out all positions with tight stop-loss orders, making the cross to go north 1-2 more yen. This artificial correction will draw more sellers making the appreciation of Yen much stronger and quicker.
+1 Reply
BusinessInMotion colinsheen
10 months ago
Mate, here is not a trading fx market! It is a genuine slaughter house set in motion by US boys!
+1 Reply
colinsheen PRO BusinessInMotion
10 months ago
Yes i really agree with this, slaughter house, so i choose to stand aside...
Reply
BusinessInMotion colinsheen
10 months ago
It is wise decision! I am short on both JPY & GBPJPY since last week and most probable I will add more position if they will break some key levels. Although in this slaughter house there are no levels!
+1 Reply
colinsheen PRO BusinessInMotion
10 months ago
awesome, good for you mate :D
Reply
BusinessInMotion colinsheen
10 months ago
Lets hope that BOJ will not ruin my slaughter house blood party!
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out