FX:USDJPY   U.S. Dollar/Japanese Yen
10775 43 247
The USDJPY             is at the top of the Daily down trend, selling the break of the 60 mins flag seems like a good idea.

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Comment: wait for breakout to confirm one more down!
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Looks like a solid idea from a lot perspectives and trading I am currently in short trading the .618 retracement of the current swing, thats syncs with the bearish Trendline.
Also in confluence with the C-D leg of an emerging Butterfly.
Good luck :)
snapshot

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I' short too
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Nice Anil!!! Thank you!!!!
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amerhabib jannispo
hi jannispo, short from which rate.
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Is that MADC divergence as well?
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Thanks Anil....
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Thank's Anil, been waiting for the reversal since the push up.
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At which price to sell ?
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TobKarl Mannnassser
when it breaks to the downside
+1 Reply
amerhabib TobKarl
you mean when the rate is at 103.62 or u mean when the rate is 103.30
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TobKarl amerhabib
if it breaks to the downside and makes a impulsive move i will short it..... big news coming at 12:30 utc, so we will see.. its important you decide yourself beforehand "IF this does this" i will long/short with stop here and aim to take profit there
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nice! thanks
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I'm, shorting here too thanks Ari, will spread the web link. still waiting on NZD/USD. Will it take another earthquake?
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what if the price break up instead... is this also a SELL setup
+1 Reply
Smiley8080 TucKinetti
Sell the breakout.
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Smiley8080 TucKinetti
You could put a sell at say 10320, maybe that will take care of bounce and garvy following.
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Better to register now for the webinar and you will get a reminder before it starts.
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tradethd anilmangal
Hi your decision to sell still valid
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Any underperforming NFP number and this is deffinately on . Unfortunately a 200 + NFP and its a different story , I dont trade news events but just pointing out the obvious.
+1 Reply
It broke but still have non-farm news ahead. I'm still in short. Thanks for sharing Anilmangal
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Nice call Anil.
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Great plan! Thanks Anil :)
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sorry, beginner here. Are we still expecting a drop, or was the drop post NFP the full downward move? USDJPY seems strong post NFP
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judderod gotthejazz
Trade is invalid now as price has broken back above the lower trendline (and even broken out higher)
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gotthejazz judderod
thanks
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Like the analysis, I guess the short will have to wait until another time
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yes , we got a BE trade in my trading room. Watch the webinar , i just did , i explained it .
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anilmangal PRO anilmangal
webinar posted here ; https://www.facebook.com/ProwaveTrader/
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what is your idea about gold in nextday?
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shorting USD/JPY but shorting NZD/USD too ?
I know they are different pairs, but dollar is the same and may apply different trends on these pairs.
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I was short but was stopped out for over 100 pips :(
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MikePips NazarNiyazov
It seemed like a good one since it had been going down for quite some time and was in a bear channel. Unfortunately that was the last time for me. No more forex for me in the near future. Back to the drawing board.
+1 Reply
Temporary Long USDJPY
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Nice chart Leo.
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LeoYao Bandarsq
thanks mate
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oh wow u used H4 and H1 ;wooooooow
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Im expecting a retracement for short still.
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snapshot


Nice Analysis! I shared your view on this..
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Should be careful if break out above, Tursday when price first time kiss the resistance, it is a good opportunity to sell, but when price try it again, the resistance looks like weaker, particularly when price showed it could jump over the wall...
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Should we sell now, Anilmangal what does your signals says?
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hi anil, can you update your view on this ? thanks
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