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
Trade active:
Clearly need to babysit this trade because of the USD pumping done by CB
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
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!
Comment:
Let's wait for LH to confirm before we go in again
Trade active:
Long wicks, there she comes. USDCHF and USDCAD went ahead already. Go UJ!
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.
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
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.
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.
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.
Trade active:
Another positioning activity by the market has put all currencies into the correct position for this move. I sell UJ again.
Trade active:
Almost a full month further down, let's try again.
