USDJPY - At strong resistance, ready to drop

FX:USDJPY   U.S. Dollar/Japanese Yen
I can see it drop.
The resistance is really remarkable.

Trade save - important news ahed!


Your Freebe:
Enhance Your Knowledge & Learn To Earn
For Beginners & Advanced At

Related Ideas

Timing is key
11 months ago
NIce call
forker PRO
11 months ago
On the way...
BlueSkyThinking PRO
11 months ago
Hi Forker.. congratulations for your work. Can I kindly ask you on which criterium did you draw the entry line (113.673)? that was pretty impressive! Thanks again. David
forker PRO BlueSkyThinking
11 months ago
Hi David.

The entry was based on the dashed, upsloping Action/Reaction line.
Price pulled back a couple time to this area (it's a one of the rules of the Action/Raction course) and i just waited for a little bit confirmation.
So, to clarify - i was not entereing on the bigger pullback, but earlier. And this pullback could be used as a second entry.

But much more if importance then a entry is the stop my friend.
Hiding stops behind real structure, like real pivots/swings/blocks etc., is far more important then where to enter.
Because you could have a very bad entry point....but with a good stop, the trade survive much more often.

I'm currently working on a more extensive course then the beginners course in A/R & Forks ( )
where i probably also will cover this, and some priceaction too.

Many people asked me, so i decide to do the work.
Just hop in this free course above and i will inform you when the new course material is ready David.

...and hey - your Elephant is superb :)

Happy Day David
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener 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