ArtKon
Long

Possibility for a good USDJPY trade.

FX:USDJPY   U.S. Dollar / Japanese Yen
I would like to share some information about my recent trading activity.
My trading religion is to combine all possible directions of market regardless of their nature, fundamental or technical. When I find such combinations, I look for the good entry possibilities. Today USDJPY             could be this type of market.

All usd-based pairs and DXY             itself has shown significant downtrend. The basis for such trend was political speeches and growth of USA indexes. However USD steel remains the main world currency and the biggest part of world reserves. Thats's why I see USD picture today of fundamentally oversold.

The same thing we have in technical picture. We are sitting at bottom line of a large weekly triangle. The last time the pair has grown from 106,5 to 118 from this trend line . Moreover, opening here gives the best TP/SL ratio around 7. You could see exact levels on the graph.

The last thing I consider is Commitment of Traders report, which says that large speculators are also on the long side. Would you like to be on their side too? Share your opinion in comments!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out