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.
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
Reply
Casey_Yeo Yahia.Awes
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.
Reply
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.
Reply
Agreed.
USDJPY: Longer term perspective is still bullish
Reply
Casey_Yeo IvanLabrie
Nice. Are you already long? Optimistic target there. Positive news from Greek will help your position greatly...
Reply
I closed the long for now.
Watching but I think it's possible.
Reply
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
Reply
Same View
Reply
We are monitoring for the same setups mate
Reply
Casey_Yeo Technician
Good to know that mate.
Reply
Hi Casey.I followed your trade and sitting over 50 pips right now.Thanks man.
Reply
Casey_Yeo TahirAli
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.
Reply
TahirAli Casey_Yeo
Thanks.My entry was 1.2300 and my sl is 123.30 so my 30 pips profit is guaranteed.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
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
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out