USDJPY : Short with target of 105.56 and 103 for extension

FX:USDJPY   U.S. Dollar / Japanese Yen
Sell this breakout.
Track 4hr.
TG1 : 105.56
TG2 : 103 (Bottom of channel)
Kurodo may intervene at 105
Trade active: Shorted 107.8
Finding Target 1 105.5
Comment: 700+ pips already
I see Intermediate Support at 106.8
Comment: Breaks the Support
106.8. let see More downside.
Comment: SL Moved to B/E
let see what happens in next 4hr candle
Comment: hovering just above support 106.8
Comment: 1000+pips already
Keeps bouncing at 106.800-106.600 Zone.
Breaching of falling wedge suggest side ways movement until any renewed bull/bear interest.
This will break downside 105.5 on the cards.
Another 1000pips
Comment: Dead Cat Bounce. Currency Wars.
Trade closed manually: Stubborn Support. Bouncing Around. Didn't Break.
TP at 106.3. Will Find One more safe entry based on Price Action.
Comment: See Saw. .Tested 0.618 fib. Coud not break. Back to pavillion
Comment: Double Bottom in progress. at best it tries to breach 0.618 fib resistance but most likely it confirms sideways movement and ranged between 106.90 - 106.340
Comment: Breaks Support. heading towards Target 105.5
Comment: Breaks 106. this escalated quickly
Trade closed: target reached: Closed all shorts at 105.6. We have bottomed out.I have other Idea after FOMC
Comment: Thank you all, Who liked my Idea and supported me. Treated me Special. I have received lot of love on TV in very short time. esp. gold chat is very warm to me. Regards to MOD GcNaif.

I hope you've made fortune on this. Do have look on my other ideas and comment your criticism. My charts are not neat as others. I am trying to improve.

Trade closed: target reached: 103.5 .. Well almost 103. lol
same chart with me...
+1 Reply
robus JamesCh
do post it here.. :)
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