FX:USDJPY   U.S. Dollar / Japanese Yen
The market seems to be awaiting news, since we have two days in a row, contained by a previous day's true range. This has only happened 12 times since the top in 2015, so you can tell that the market awaits major news to decide on direction, or resume the pace it had. Price action until we break out of this range might be erratic, so don't caught up trying to navigate the murky intraday noise waters and focus on the big picture here.
Just a heads up. Check the news calendar, and then trade.

Good luck,

Ivan Labrie.
Dec 08
Trade active:
You can go long here, stop under 113.83

Once it breaks above the top of the green box it'll rally after squeezing all shorts.
Dec 09
Comment: If you're long you're in 0.5R profit now, you can easily move stop to entry now.
Dec 09
Double the position and place all stops at 115
Dec 14
Comment: Check it out, it broke the resistance here, so it could soar into the upper 120-130s.
Dec 18
Trade closed manually: The price action is scary, I'm out of all FX trades for now, I think we can get a retracement in the dollar trend.
Dec 22
Comment: Looking to reenter soon.
Jan 03
Comment: I'm long for 2 days now, posted a new chart.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading


whats the PT on this? All I trade is gold and this pair seems to be inversely related to it. Thanks!
+1 Reply
IvanLabrie selfhigh05
@selfhigh05, It can go to 107 easily.
IvanLabrie IvanLabrie
@IvanLabrie, 117*
+2 Reply
CarnellTate IvanLabrie
@IvanLabrie, Already has
where are you short it to?
IvanLabrie CarnellTate
@CarnellTate, I'm not short, long only here. Shorting an uptrend is extremely dangerous when it's fundamentally backed.
CarnellTate IvanLabrie
@IvanLabrie, I mean thats true,yet its overbought and it's started to wash out. Maybe we are just on different timeframes.
IvanLabrie CarnellTate
@CarnellTate, indeed, but I think this is a time where higher timeframes are in control, when critical fundamental events take place. All my USD longs are in great profit. Good luck!
CarnellTate IvanLabrie
@IvanLabrie, Ok USD LONG got it!
IvanLabrie CarnellTate
@CarnellTate, hi, hope you're making some money with this trend.
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