USDJPY - The Dollar sell off (is it really beginning?)
Well:
I've been telling to most of you that the dollar might crash in the next months. The factors, confluences and data are there. Huge volatility, discrepancies, smart money and contracts are in play. Although we don't know the right time this "crash" is going to take place, it seems that the DXY is helpíng us to push UJ down. As it's been sustained by the daily chart.
So, I want to see tomorrow's and maybe tuesday's daily or intraday candles closing so we can have a clearer confirmation. I"m already in sells with a minor position, but the technicals are there, let's see. Also, take care with the last quarter results (and yearly).
ALWAYS remember: watch the f****** Price Action. Don't rely on indicators - for those who use it, it should be used only as confluence, not as your main weapon.
Be safe trading this week;
I've been telling to most of you that the dollar might crash in the next months. The factors, confluences and data are there. Huge volatility, discrepancies, smart money and contracts are in play. Although we don't know the right time this "crash" is going to take place, it seems that the DXY is helpíng us to push UJ down. As it's been sustained by the daily chart.
So, I want to see tomorrow's and maybe tuesday's daily or intraday candles closing so we can have a clearer confirmation. I"m already in sells with a minor position, but the technicals are there, let's see. Also, take care with the last quarter results (and yearly).
ALWAYS remember: watch the f****** Price Action. Don't rely on indicators - for those who use it, it should be used only as confluence, not as your main weapon.
Be safe trading this week;