FX:USDJPY   U.S. Dollar/Japanese Yen
Weekly trend is clearly still up.
Bullish pin bar formed at resistance turned support zone in weekly. Nice rejection there.
Will look for buying opportunities in daily chart next week.
Preferably break of counter trend line and pullback.
Yahia.Awes
a year ago
That is not a pinbar but a hammer, and that candle in a uptrend is called hanging man which is bearish. I only expect a spike up before going down, this is a warning signal for bulls.

See this example chart online: http://www.onlinetradingconcepts.com/images/candlesticks/HangingManAA.gif
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Casey_Yeo Yahia.Awes
a year ago
Thanks for sharing. You may be right on spike up before going down.
But I don't see that as hanging man. Hanging man is the ultimate high candle before price reversed downward.
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TahirAli
a year ago
In my humble opinion this is not a hanging man as it shows right at the top.Price must close above the bearish engulfing pattern's high (which is the resistance) to go further up.
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Agreed.
USDJPY: Longer term perspective is still bullish
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Casey_Yeo IvanLabrie
a year ago
Nice. Are you already long? Optimistic target there. Positive news from Greek will help your position greatly...
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IvanLabrie PRO Casey_Yeo
a year ago
I closed the long for now.
Watching but I think it's possible.
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P_Parker
a year ago
Hi Casey,
thats my View - I wait for a Retest on the D1 Support (D1 Pinbar like your W1 Pinbar or Engulfing Candle)
snapshot

regards
Parker
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Same View
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We are monitoring for the same setups mate
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Casey_Yeo Technician
a year ago
Good to know that mate.
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TahirAli
a year ago
Hi Casey.I followed your trade and sitting over 50 pips right now.Thanks man.
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Casey_Yeo TahirAli
a year ago
Don't thank me. Thank yourself by following your own plan and rules. I'm not in yet as I prefer to trade pullbacks. Watch out for potential resistance around 124.
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TahirAli Casey_Yeo
a year ago
Thanks.My entry was 1.2300 and my sl is 123.30 so my 30 pips profit is guaranteed.
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