USDJPY | Perspective for the new week | follow-up details
It is worth noting that Japan has been more aggressive in jawboning the Yen in the past week and results might start trickling in the coming week.
However, from a technical standpoint, the multiple rejections of the 145.000 area in the last 7 days appear to be revealing the possibility of the selling opportunity getting ready to explode! I have been looking forward to this bias in the last couple of weeks and the breakdown of both the bullish trendline and key level at 142.500 identified on the daily timeframe this week might be the beginning of the reversal structure.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
However, from a technical standpoint, the multiple rejections of the 145.000 area in the last 7 days appear to be revealing the possibility of the selling opportunity getting ready to explode! I have been looking forward to this bias in the last couple of weeks and the breakdown of both the bullish trendline and key level at 142.500 identified on the daily timeframe this week might be the beginning of the reversal structure.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Comment:
Bullish signal confirmed as price continues to respect the bullish trendline
Good morning
Good morning
Comment:
Moving stop loss to lock in some profit as the possibility of bearish momentum is still very likely.
Good morning
Good morning
Trade closed: target reached:
140pips profit
Is the market structure transposing into a selling momentum after the interest rate decision and FOMC?
Stay tuned in for updates as price action is been monitored
Is the market structure transposing into a selling momentum after the interest rate decision and FOMC?
Stay tuned in for updates as price action is been monitored
Trade active:
The final breakdown of the temporary bullish trendline identified in the video might be a signal of the bearish momentum I have been expecting. Let's see if the current structure will evolve into a second chance to join the potential decline.
Good morning
Good morning
Comment:
Price gradually moves into the sell window
Trade smart. Trade consciously
Good morning