FX:USDJPY   U.S. Dollar/Japanese Yen
403 16 0
UJ formed a double top and slipped back to 141 ext. signs of further drop to 38.2 area.
BBFX
3 years ago
Looks good , but M15 RSI is suggesting to me that we may see a HIGHER HIGH!! With the Low Volatility today, who knows!! :-)
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fximperija BBFX
3 years ago
The RSI is bound to TF, so you can see a M15 oversold and H4 overbought condition. The H4 as a higher TF is more relevant. However, M15 oversold and H4 overbought overlapping suggests a break in upside movement, possible CZ forming. I see further a new lower double top forming on H4.
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AzAzman
3 years ago
I'm agree with the chart flow.....UJ will bearish and hit 102.200 at the short run.
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fximperija
3 years ago
The 102.6 seems like a resistance, UJ tested again and failed. As predicted UJ caught in a CZ at this time. We'll see if the bears went to sleep or still luring for another run :)
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ra_ban fximperija
3 years ago
are you sure about shorting UJ?
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fximperija ra_ban
3 years ago
UJ stopped, obvious, forming CZ like I wrote mins ago. Where it's gonna break out I don't know. Everything depends on fundamentals now, no technicals.
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beavendavis
3 years ago
fximperija thanks a lot for your postings i really am learning a lot from you have you got a contact email address at all please?
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fximperija beavendavis
3 years ago
Thanx, glad to be of any help, cheers.
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ra_ban fximperija
3 years ago
fximperija thanks for guiding with your valuable inputs, I am a newbie in trading so little conservative in my approach.
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fximperija ra_ban
3 years ago
Better conservative than aggressive :) Trading is about making money not for fun, preserve your capital and make profits. You will loose some too, it's perfectly normal, but if gain more than you loose, you're on the right path. Patience is a virtue.
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beavendavis
3 years ago
whereabouts are you located? do u offer any coaching or guidance as you seem so precise in what you do and very knowledgable, any email/ facebook etc
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fximperija beavendavis
3 years ago
I don't coach nor teach. I'm a full time trader into making money for a living. I strongly believe that good traders trade and don't teach. You are welcome to discuss any ideas I lay out here, but they are only ideas, no suggestions or follow ups.
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ra_ban fximperija
3 years ago
Any Ideas about gbp usd?
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fximperija ra_ban
3 years ago
Got one, but GBP doesn't respect any harmonics or fib at this time.
382 retrace
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beavendavis
3 years ago
Fair comment thanks anyhow hopefully we will be friends for a longtime , im into making this my living full time so im not playing around im serious about a future . thanks
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BBFX
3 years ago
Sometimes, the M15 traders are in control of the market, rather than the H4, as shown in this example !! Something I have noticed often!!
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