johan.verm
Short

Update...Two scenario's First going short to 120,678...

FX:USDJPY   U.S. Dollar/Japanese Yen
353 7 12
It depends wich way price breaks triangle...Crosslines on macd ..Good luck..
Comment: Break or long?.....
Trade active: First target reached ..Seems like price breaks trough the lower triangle..If so beware pullback...
Trade closed: target reached: Take profit...Price can re-enter triangle to go up on the higher triangle TL...I'll update this chart.
Trade active: Re-enter trade for next target..Beware retest/pullback...
Trade active: Almost there....
Trade closed: target reached
Nice trade john
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fxmillions fxmillions
Correction: Johan, :)
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johan.verm fxmillions
Second target is for later on ...:-) But now possible re-enter the triangle...
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fxmillions johan.verm
I believe you will get the second target as well, once it clearly breaks out to the downside. Its amazing how the USD is falling after an interest rate hike not so long ago. Technical analysis rocks... I shorted the USDCAD last week. But was a bit nervous to hold on with the low liquidity, sudden moves happening every now and then. So I closed all my positions last evening.
No trades for me till 2016. :)
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johan.verm fxmillions
You are so right .It"s a bad time to trade.The EURUSD is also making weird manoeuvres....Think price is going long now towards 122.250 for USDJPY.I 'll make an update of this chart...
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Congrats!
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nice
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