usdjpy breakout his 2 week range so his bullish signal now to say enter long now? i will say wait a pullback mauy around 111.90-112.00,technically chart will say on old range around 111.15 ..i let you choose and see how the market doing the pullback strongly or slowly then you can have a feeling to choose your entry point then enter long or reach the downtrenline since high 2015
Youre missing an important resistance line, from Nov 2016 top to July 2017 top... very possible pivot there also : )
corsicasia
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@some_guy, oh right,i forget it,its to much mess on this old chart that i miss some and have also some intraday for scalp lol..thank you i will add on my own
some_guy
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@corsicasia, look at MACD on the hourly too. dont know how to share images here yet. but heres a screenshot. Something interesting is up! Pop or Drop, probably coming our way soon i.imgur.com/uRAP8PP.png
corsicasia
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@some_guy, thats why i not say short or long,i say trade idea,analisys :) with geopolical move all time is hard to trade uj..but on chart i see a breakout and a target on the downtrendline 2015 first
some_guy
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@corsicasia, Im with you. Id like to be in longer positions w it, but I seem to fare better just scalping, for now. Thank you for sharing your analysis, hope my perspectives helped ! : )
corsicasia
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@some_guy, wait a pullback but lok the yen index have room for more down