permban
Short

USDJPY Deep fall

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY is ready for a deep fall as volumes are declining and price is rising parabolic to a standstill. Good R:R of 1:10
Oct 22
Trade active: Clearly need to babysit this trade because of the USD pumping done by CB
Oct 22
Comment: So artificial, no risk management is showing it's importance. But don't let this deal go, if you are stopped out or still holding you will soon be rewarded imo
Oct 22
Comment: R:R is 10 but honestly I think it may go down all the way to 102 in the next 6 weeks. Scalp it for maximum profits!
Oct 22
Comment: Let's wait for LH to confirm before we go in again
Oct 22
Trade active: Long wicks, there she comes. USDCHF and USDCAD went ahead already. Go UJ!
Oct 22
Comment: Let's try this again from new heights. Similar signals moreover. Volumes declining while price rallies in a curve signalling selling pressure to overpower buying pressure.
Oct 23
Comment: Two days further, turning our day trade into an intra day trade, it has become profitable. If our expectations are correct we will maintain or R:R because on the chart above it now looks like a poor 1:2
Oct 23
Comment: Let's hold it longer with as goal at least a 1:10. The final duration of the trade will be of valuable input to us for further trading of this USD devaluation season.
Oct 26
Comment: The fall has started now that USD and CAD are in sync and bot in a downtrend. It's just that the JPY is holding up the other two.
Oct 31
Comment: As usual I was too much of an optimist and and timely instant buying surges with no recorded volumes are blocking exactly when cycles are in favour of GU, EU, AU & NU to rally.
Nov 05
Trade active: Another positioning activity by the market has put all currencies into the correct position for this move. I sell UJ again.
Nov 16
Trade active: Almost a full month further down, let's try again.

Comments

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