Abozahra

Where are we now? and where to go from here?

FX:USDJPY   U.S. Dollar/Japanese Yen
999 11 24
13 days ago
As shown in the chart guys, USDJPY             did a very strong up move. It retraced 50% back up in 8 weeks what took more than a year of downtrend. The trend is clearly up by all the rules that you can find out there about trends :) I still see many talking about the big short etc. Well yes it may just plumb down and yes we may have a deep correction, but the problem is the guessing of what will happen next. We do better if we react to what signals the chart is giving us and play after those signals.
11 days ago
Comment: Battle recap!

snapshot

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Alaa73
13 days ago
Thank you for your efforts .. I am wondering when the correction will happen ?

Regards
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Abozahra PRO Alaa73
13 days ago
@Alaa73, Thank you brother! If i knew that for sure i would be a millionaire by now :D Well for now all we have is daji on the daily that should mean indecision, but we had that before on the way up so that alone is not enough. This looks so bullish right now and i would not be surprised if it reach the 0,618 fibo before it correct. I do have an idea about how to trade the correction of this on 4H look at it and read the updates section to follow how it is going.
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Alaa73 Abozahra
13 days ago
@Abozahra,

Thanks bro anyway :)
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nikitafen46
13 days ago
The part I enjoy the most is the comment on trading what you see, not guessing what will happen. Too many traders take positions today, on what they think will happen in several days. Good post.
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Abozahra PRO nikitafen46
13 days ago
@nikitafen46, Thank you for your support! :) yes too bad indeed!
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MoeHelou
13 days ago
Hello guys !!!
We have also soo many divergences .
crosses on daily and 4h time frames on stochastic .
fibo 61.8 .
Libra form on 1 hour time frame also .
i thinks there is correction on the way .
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Abozahra PRO MoeHelou
13 days ago
@MoeHelou, Thanks for sharing your thoughts with us buddy! Sound good :)
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rb5 PRO
12 days ago
Just started following your work, very similar to the way I trade. Top stuff my friend!

I think with this its best to waiting until we get a close under the previous day low and a 2nd confirmation with a close under either the 5 or 8 day ema. Then we can be sure the momo boys are done for a while. Until then they will be buying the dips.
Reply
Abozahra PRO rb5
12 days ago
@rb5, Ow thanks for you kind words and your support!

Yes there no rush in this game and specially not in the trade, we will have the time to get in coz there is lots of the room down the way :)
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contact.movidrom
12 days ago
By opening day its short down, but as i can measure USD will recover till 16h
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Abozahra PRO contact.movidrom
11 days ago
@contact.movidrom, Nice prediction USD did recover a bit! Thank you!
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