kevmurray
Long

USDJPY - Week Ahead

FX:USDJPY   U.S. Dollar / Japanese Yen
A few options depending on what the USD JPY does this week. Will be watching close to get back in this for a Long position.
what makes you think this will drop?
this chart is unclear ;state technical reasons just dont put charts with random arrow?
Reply
kevmurray rick.alter.35
I am waiting for confirmation tomorrow. I have plotted my trend lines and S/R so I am prepared for when I get a bullish or bearish confirmation.

My theory is that after Fridays NFP there will be some profit taking which will bring the pair down. If it hits the first support line and we get a bullish confirmation I will go long. If it breaks through, I will wait for it to hit the second Support with bullish confirmation and go long. Scenario three is that it continues to rise and in that case I will buy above 125.878. Hence all the "random arrows".

To be clear, I am a rookie trader and simply working on some ideas. Whats are your thoughts on the pair?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out