anilmangal

USDJPY in a daily down trend

FX:USDJPY   U.S. Dollar/Japanese Yen
5596 12 159
The USDJPY             is in a daily corrective down trend on the daily and 240. Looks like one more down move on the 60 is still possible, so selling the breakout is a good idea. Divergence is in play so also possible for a break to the up side. Let's see which way it goes.

Trade with care
Thank you for your support.
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Than You
Reply
Most likely, 1 more move down, Thank you
Reply
Thank you for the short term trade set up !
Reply
it is breaking the line right now...
Reply
desperately waiting for it to go up
Reply
This translates to 'maybe it could go up maybe it could go down'.
+2 Reply
TP?
Reply
I agree.
If this ain't ugly.....I don't know what is....
snapshot

Reply
Current UJ on 1hour TImeFrame, almost look alike GBPAUD 1hour TimeFrame ( 14 April 2016 - 20 April 2016) which make a huge impulse up..

Will UJ same as GA making a huge impulse ?
Reply
Also....if you look at the EMA ribbon for USDJPY

An ugly monster emerges

snapshot

+3 Reply
Once it breaks the upper trendline can we go long?
+1 Reply
no, wait for a correction
+2 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