TAS
Short

USDJPY still not scared, last preview still looks valid

FX:USDJPY   U.S. Dollar/Japanese Yen
1295 17 34
USDJPY             still not scared, last preview still looks valid and a Head and Shoulders looks to be forming.
Comment:
USDJPY same bias, adjusted count
adjusted view
I like your charting, but think the election coming up will mess up technical trading for a while
+1 Reply
TAS saorsa
Yep. It depends though on who wins. If you go back in history and look at 2008 election EU move, you will see a crazy move from the transition from republicans to Democrats. Then 2012 on reelection, nothing happened. There's gona be a movement I'm sure, though if republicans win it will be crazy.
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Just out of curiosity, are you going to be trading elections?
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More like a rising wedge pattern with 105.5 next target after breakout of 104.5 and then zigzag to 107 . . . Price broke above 100 daily SMA and retested twice now with success. Bigger target is the Daily 200 SMA up towards 107 and USD index supports at moment wanting to at least test 100 . . . everyone likes round numbers. A successful break below 100 daily SMA @ 103ish and this is negated.
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TAS dxchart
Thanks. Even if it's a rising wedge, they are still reversal moves. Untill the end of the week we'll have an answer. Anyway, my entry is at confirmation of the move
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snapshot
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TAS dxchart
Thanks. You have another trendline that comes from before that channel and it's were price is at now
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I hope you're right. I have been selling this since 13th Oct (103.68), SL is 105.05, starting to sweat!
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TAS Stewart_G
We'll find out soon enough. It has do decide this week.
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looks good,i'm also looking for short this pair.
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TAS nurfirdaus
Thanks man, wait for it
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I don't think this is an H&S. Let's see if it breaks the H's high.
The daily/weekly/monthly look bullish to me.
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TAS IvanLabrie
Thanks Ivan, always aware :) That's my daily, it will decide soon. And yes, if it breaks the head will only be a H&S if the last head becomes a shoulder :)
snapshot
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good tas. i take a short :)
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TAS MrThomas
trade safe :)
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looks good, dont quote me on this but looks like we could have had a rejection at a 50% fib fan level on the D1...in on small entry and will add if plays out
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TAS derby
sounds like you know what you are doing, great
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