AbhishekHSinghCMT
Short

USDJPY- Sell Setup- A short term top@113.89 is in place

FX:USDJPY   U.S. Dollar/Japanese Yen
667 28 24
Current Price@112.28

Likely a short term top is in place@113.89- I am keenly watching for that lucrative sell setup where UJ looks to move initially to 111.15-111.35 zone where it could find next support or profit booking going below 112 or shall be looking to sell on a bounce in the 112.40-112.50 zone which is 61.8% pullback of the current fall from 113.20 to 111.35

Strict Stops@ 113.35

Short Term Divergence at top@113.89
snapshot


Previous Analysis- Got in the bulls shoes at 110.85
USDJPY- Possible Ending Diagonal (E.D) -Wedge (Premature)
Comment: 17:01 Hrs 28th Nov2016

AUDUSD Analysis

Last Price@0.7465

AUDUSD is moving in the desired direction from 0.7365

AUDUSD-Is C-wave done between 0.7310- 0.7330
Trade active: 19:13 Hrs 28th Nov2016

Last Price@112.65

Suggested that we will look for selling in 112.40-112.50 zone - UJ has stretched a little bit upside so taking sell is risky & if it starts moving above 113.30 swing high -it will try to go close to previous high@113.89 or even higher.

So avoid any sell in current scenario & we shall wait- keeping in mind that the bulls are still active
Trade active: 18:26 Hrs 29th Nov2016

Last Price@112.90

113.35 -Strict Stoploss should work wonders - UJ just went close by to 113.13-just now only 17-20 pips away- likely falls if goes below 112.79 & sustains or falls below the rising blue trendline.

snapshot
Trade active: 20:12 Hrs 29th Nov2016

Last Price@112.89

Recent low@112.80

The magic of 113.35 - UJ takes U-turn with just 1 pip remaining on the top - downside just bounced from 112.79- magical levels likely some bounce & fall below 112.79 will continue the fall for UJ
snapshot
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Abhishek Sir, do u mean trade is active only if UJ goes down below 112.79 ?
Reply
@gulz, Yes- that is small setup in between but likely UJ should dip going below 111.30 lows
Reply
gulz AbhishekHSinghCMT
@AbhishekHSinghCMT, Shorted @ 113.258 :)
Reply
gulz AbhishekHSinghCMT
@AbhishekHSinghCMT, wow.. it's worked nicely
Reply
@gulz, Great. UJ turned from 113.34 saved 113.35
+1 Reply
gulz AbhishekHSinghCMT
@AbhishekHSinghCMT, whats the strategy now ? limit setup @ 112.79 or should watch the price action ??
Reply
@gulz, If goes below 112.79 & Rising trendline likely indicates that it fall further down but not straight away it will bounce & then again
Reply
AbhishekHSinghCMT PRO AbhishekHSinghCMT
@AbhishekHSinghCMT, Just kissed 112.80 -likely bounces back so every bounce we will look to sell & become confident if it breaks below 112.79
Reply
gulz AbhishekHSinghCMT
Reply
@gulz, welcome
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out