Abozahra

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

FX:USDJPY   U.S. Dollar/Japanese Yen
1032 16 26
2 months 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.
2 months ago
Comment: Battle recap!

snapshot
https://www.youtube.com/user/abozahra1

Related Ideas

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

Regards
Reply
Abozahra PRO Alaa73
2 months 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.
Reply
Alaa73 Abozahra
2 months ago
@Abozahra,

Thanks bro anyway :)
Reply
nikitafen46
2 months 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.
Reply
Abozahra PRO nikitafen46
2 months ago
@nikitafen46, Thank you for your support! :) yes too bad indeed!
Reply
MoeHelou
2 months 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 .
Reply
Abozahra PRO MoeHelou
2 months ago
@MoeHelou, Thanks for sharing your thoughts with us buddy! Sound good :)
Reply
rb5 PRO
2 months 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
2 months 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 :)
Reply
contact.movidrom
2 months ago
By opening day its short down, but as i can measure USD will recover till 16h
Reply
Abozahra PRO contact.movidrom
2 months ago
@contact.movidrom, Nice prediction USD did recover a bit! Thank you!
Reply
BrianStamper
a month ago
Well, it tested your 61.8 and backed off... Tomorrow will have some fundamental factors. Wonder which way this will go :-) My hope is down for personal reasons but it seems the consensus is up!
Reply
Abozahra PRO BrianStamper
a month ago
@BrianStamper, Well yes tomorrow is the day :) the hike is already priced in up to 100%. So i will be listening to what Yellen have to say about 2017, that is the most important thing imo. If they hike and don't give strong hint about more hikes in 2017 i think we will start to see the down correction. If she gives clear hints about more hikes then this thing will keep flying :)
Reply
BrianStamper Abozahra
a month ago
@Abozahra, I'll give her a call and make sure she says the right things :-P
Reply
Abozahra PRO BrianStamper
a month ago
@BrianStamper, hahhaaahhaa :D
Reply
BrianStamper Abozahra
a month ago
@Abozahra, she did NOT listen to me!! Ugh the draw down!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
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