bajajharsimran
Long

USD/JPY Channel on Daily

FX:USDJPY   U.S. Dollar/Japanese Yen
Mr Abe             Launched a Stimulus Package again, Yes Again!! and No its not Helicopter Money.
Read More Here: http://www.wsj.com/articles/japan-cabinet-approves-274-billion-stimulus-package-1470121631
&
: http://www.ft.com/cms/s/0/d4ea5848-5896-11e6-8d05-4eaa66292c32.html#axzz4GD1RlDai

After the News the Yen has strengthen to 101 and trading around 101.80

Now I am Looking to Buy Some Dollars with NFP due this Friday.
So will be buying in 2 areas:
  • First is a Demand Zone which is derived from previous price action.

  • Second Channel Support and Important Fib Level

Buy in the Demand Zone Based on Price Action Signals
Stop loss will be Close below Demand Zones
Target Upper Channel


Happy Trading & Profitable Trading
Cheers!!

If my analysis has helped you plz press the like button to support
Thanks

FX:USDJPY            
Comment: 101 recaptured :)
Trade active: Moe stops to breakeven guys Happy Weekend everyone
Bullish Bat Pattern on 4 Hour
snapshot
Reply
With NFP due tomorrow watch out for these demand zones :)
Reply
ADrownTrader bajajharsimran
I think so, inspite of the result of NFP.
I thought between two Demand Zone is more important.
Reply
snapshot

Loooking Good Now wait for the marked targets and move stops to break even :)
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