The BoJ kept rates unchanged which diverged from other central banks but at the same time intervening in the USD forex market which sent the USDJPY pair sharply lower during the latter part of last week's trading session. This illustrates how I intend to sell the USDJPY as long as the price does not break above the supply zone at 145 area.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active:
Price remains within the sell window since the beginning of the week; I will be looking for reversal patterns on the lower timeframe to join the potential decline.
Good morning
Good morning
Trade active:
UPDATE
Comment:
BoJ Monetary Policy Meeting Minutes coming up in 3 hours.
How is this event going to affect the Japanese Yen?
How is this event going to affect the Japanese Yen?
Comment:
Price remains within the sell window in the last 3 days with potential selling opportunity still valid. As long as the price does not breakout of the supply zone identified in the higher timeframe, I remain bearish.
Good morning
Good morning
Trade active:
UPDATE
Entry adjusted to below the 144.600 zone as price remains within the selling window since the beginning of the week. Besides, Powell's speech is coming up in 2.5 hours... Getting prepared.
Entry adjusted to below the 144.600 zone as price remains within the selling window since the beginning of the week. Besides, Powell's speech is coming up in 2.5 hours... Getting prepared.
Trade active:
In a good position here; moving stop-loss
Trade active:
Following the bearish signal yesterday, the price is back within the sell window which was also my entry zone. I am still looking forward to selling below the 144.600 area.
Good morning
Good morning
Trade active:
Looking good at the moment
Trade active:
Price action continues to move as expected. A breakdown/retest of the 144.200 will welcome an opportunity to add positions to my existing trade.
Good morning
Good morning
Trade closed manually:
Break even as sellers were unable to gain traction this week.
Good night and happy weekend
Good night and happy weekend
Trade smart. Trade consciously
Good morning