XLaboratories
Long

trend is your friend

FX:USDJPY   U.S. Dollar/Japanese Yen
Bottom of the main uptrend channel. High probability of a swing topping at medium channel line
Arcano, check this out:

snapshot


I suspect the dollar rally isn't over as well, but we might see a large corrective decline now.
This short timeframe setup might work, but I'd much rather fade rallies, personally.
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XLaboratories IvanLabrie
2 years ago
i am doing intraday/day trading, my setup is to gain from swings, thx btw for your hint, USA market is doing fine even with this strong bias for the dollar, US is again a safe place for international assets ( EU area is quite weak atm)...there will be an huge volatility and a lot of swings ;)
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IvanLabrie PRO XLaboratories
2 years ago
Analysis is fractal, I don't trade small swings, I do finetune entries using 1h and 4h, but main is daily/weekly.
Post a gold chart ;)

And this is my usdjpy hourly:

snapshot


I really don't think there's room to the upside in the short term.
A correction might be a minimal move up, but strongest side is down for now.
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