morshedul.sazid
Long

UJ CYPHER ( STRUCTURE + EMA)

FX:USDJPY   U.S. Dollar/Japanese Yen
Hey traders! I have got all the reasons to long this pair at the completion. First of all let us look left for a second and identify the structure support which is just at the completion level which gives us pretty much confidence that price MIGHT reverse from there, Also if you look at the RSI we have already a bullish hidden divergence. EMA crossed over and will also act as support after it completes. Expecting a reversal to 118.362 first and then to 118.541.
I have also a similar setup in audjpy             . Cheers.
nicce idea....
+1 Reply
morshedul.sazid PooyaSalehipour
Thank you :)
Reply
Been looking at this pair as well. Good call on structure strategy.
+1 Reply
Thank you mate :)
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Trendliner PRO morshedul.sazid
So, why not go short on this to the buy level?
Reply
That is not written in my trading plan.
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Trendliner PRO morshedul.sazid
Because it would be going against the uptrend?
Reply
Yes. you can say so. and I always try to trade with the trend.
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Trendliner PRO morshedul.sazid
Thanks.
+1 Reply
You never know if the pattern completes.
+1 Reply
morshedul.sazid Alexander_Nikitin
Correct.!!!
Reply
I got stopped out on this one at 117.70.
Reply
Its that simple.
+1 Reply
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