IvanLabrie
Long

USDJPY: Weekly uptrend fired

FX:USDJPY   U.S. Dollar / Japanese Yen
This is an update to my previous publication. We now have full confirmation of a weekly uptrend aiming for 110.141 by December 23rd or sooner.
If not long you can buy new daily lows, or dips to 102.8 after this week's close. Jumping in now, is not bad, but not optimal.
This uptrend probably implies that the smart money is getting into new leveraged positions for the last quarter of the year, largely bullish for equities, so, we might return to Yen, Bonds and Gold             being opposite to S&P500             again in this risk on rally.

Good luck,

Ivan Labrie.
Comment: "Jumping in now, is not bad, but not optimal."

If someone did, in profit already.
Trade active: Now is when you add.

snapshot
Comment: Add to USDJPY longs again if we break above Friday's high:
snapshot
Entry: 104.023, stop 102.126, target for all 110.141, risk 0.5% on it.
Comment: (the add on trade already in good profit from entry)
Trade closed manually: I'm out for now.
Comment: I got back in using a tight stop today, entry: 103.86, stop 103.59.
Comment:
snapshot

snapshot
Comment: I banked short term longs before this drop, I held my long term entries, and bought yet more long term positions a day ago and the day before.
Buying gradually on each daily dip.

Related Ideas

In regrards to RgMov what are some clues to obtain this "hidden" formula?
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IvanLabrie PRO CarnellTate
You can subscribe to the 'Key hidden levels' indicator pack for $20 a month.
:)
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CarnellTate IvanLabrie
CarnellTate just now
I'm curious about the subscription. I know it'll be worth the money if I buy it, but I just have to make sure its worth what I expect. Is it one trading, and how do you primarily use it for your entries?
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Well done, great charting thank you.
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IvanLabrie PRO Smiley8080
Thanks, let's see if we get it.
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