Possible counter buy with tight stop after stronger US numbers

FX:USDJPY   U.S. Dollar/Japanese Yen
168 2 5
- Ichimoku is bearish , key support came lower this week to 108,90, but it is still very far above spot price
- Heikin-Ashi is bearish , but candle made a higher low this week. haDelta is below zero but SMA3 is still above.
- MACD is bearish , but the histogram shows bullish divergence
- EWO is bearish , no real new info here.

- Ichimoku setup is bearish , but there is problem with the long term momentum: Tenkan and Kijun at same level, Kijun and Senkou B are flat.
- Heikin-Ashi looks like a possible bottom and a bullish reversal. If confirmed later, that will also mean a higher low, with high chance of a starting bullish counter trend.
- EWO may bottom, in that case the wave wil move towards less bearish .

- Ichimoku is still bearish . Watch Kijun Sen first at 101,75
- After some sideaway noise, Heikin-Ashi looks like increasing bullish . No lower low. Green candles, haDelta/SMA3 above zero
- EWO is ticking higher

Buy 0,3-0,5 unit now, or stop buy above 101,75. Initial stop at 100,55. Size up to 1 unit if you see more bullish signals on 4H and on daily. Until it is a counter trend trade, do not open more than 1 trade unit (at least my rule is this), bigger leverage would be reasonable only above 105!
First tgt             is ard 104.

3 months ago
Some update :D ? Thanks
Kumowizard PRO Dguaman
3 months ago
As posted on Twitter, this counter buy was closed long time ago at 102,40. Since then nothing. Daily is still heavy bearish. USD is getting more bearish in general.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out