FX:USDJPY   U.S. Dollar/Japanese Yen
428 16 15
ITS ASIAN SESSION NOW.
WHAT BETTER PAIR TO TRADE THEN UJ.

90 PIPS PIN BAR FORMED AT
RESISTANCE TURNED SUPPORT?
50% FIB?

EASY WITH TREND TRADE,
NOTE: UPCOMING US NEWS MAY SWAY THIS PAIR BEYOND EXPECTATION.
BUT FIRM YOUR ANCHOR AND LET THE WIND SAIL YOU.

ALTHOUGH I HAD VERY BEARISH VIEW ABOUT UJ LAST WEEK, THIS WEEK BEARS SEEMS TO HAVE BEEN UNABLE TO PUSH PRICE LOWER.
H4 LOW RSI WITH MANY CONSOLIDATION BARS.

H4
snapshot

NO UPDATES IF LESS THAN 20 LIKES/FOLLOWERS

"Please be advised that the upcoming Greek referendum, which is scheduled to take place on Sunday, 5 July 2015, may trigger abnormal market conditions (listed below) on Monday, 6 July 2015:
Extreme market volatility
Thin market liquidity
Abnormal spreads
Pricing gaps
Market opening delay
"

Related Ideas

Daniel.B
a year ago
I like the idea bro, took the trade myself also! Best of luck =)
+1 Reply
PriceActionTrading Daniel.B
a year ago
Thanks bro. Sure is a confidence booster !
+1 Reply
I like your idea Bro, i can add< that we have not filled gap/Thank you
+1 Reply
PriceActionTrading eb0b1852b8a04587a2caaf3b2b02a1
a year ago
Very nice. Probably 3 pips short of filling but i would consider it filled, on monday.
Reply
GcNaif MOD
a year ago
good one mate, is this the short term till nfp?
+1 Reply
PriceActionTrading GcNaif
a year ago
Your right mate. It will be a SL @ BE as soon as it goes over 123.00
Reply
PriceActionTrading PriceActionTrading
a year ago
On another note, with the Feds reassuring that they wont be affected much by the greeks. I feel confidence building in USD, which could once again propel this carry trade.
Reply
GcNaif MOD PriceActionTrading
a year ago
it could very well,interesting view, these days its all uncertainty ,anything n everything is possible, small little news big crazy moves ,strong news no reaction.
+2 Reply
Andyle
a year ago
Nice view. Thanks mate
Reply
UPDATE 1 : ADVISE TO CLOSE HALF (IF NOT ALL) OF POSITION. SHOWING SELL ACROSS MOST JPY PAIRS.
Reply
UPDATE 2 : BEARISH ENGULFING H1 FORMED @ 61.8%. I HAVE PLACED A SMALL SHORT.
snapshot
+1 Reply
UPDATE 3 : BEARISH PIN BAR D1 @ 61.8%.
IT IS CLEAR WE SHOULD ONLY ADD SHORTS.
snapshot
+1 Reply
Andyle PriceActionTrading
a year ago
Nice. plan so far. added 123.12
+1 Reply
PriceActionTrading Andyle
a year ago
Nice but limit your positions, sunday's a reckoning.
Reply
UPDATE 4 : FULL POSITION'S TARGET HIT @ 122.00. NOT HOLDING ANY UJ AS OF NOW. LOOKING TO SHORT @ HIGHER PRICES. WILL UPDATE IF IT COMES TO THAT.
+1 Reply
Andyle PriceActionTrading
a year ago
Nice shot UJ and EC mate
Reply
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