USDJPY Institutional Buy Signal Long

U.S. Dollar/Japanese YenFXCM

Description

⋅ Dec 29, 2016 12:18 AM

Hello traders!

Our institutional research just updated and our technical analysis can be seen in out short-term technical outlook linked below.

The 116.55 figure is not expected to be broken before the year end so a push into the figure will likely be matched by buying.

I will be looking to buy just ahead of the figure with a 30-40 pip stop loss.

Look to get whatever you can on the profit side!

Enjoy!

Comment

⋅ Dec 29, 2016 4:07 AM

Long from 116.6

Comment

⋅ Dec 29, 2016 2:33 PM

picked up 15 pips last night, hope some of you grabbed some.

Comments

BlueHearts

⋅ Dec 29, 2016 4:57 AM

great trade!

UnknownUnicorn261897

⋅ Dec 29, 2016 4:58 AM

@BlueHearts, Thank you!

forexshooter

⋅ Dec 29, 2016 4:46 AM

I am in, with you.

UnknownUnicorn261897

⋅ Dec 29, 2016 4:47 AM

@forexshooter, Nice!

SageFXTrading

⋅ Dec 29, 2016 4:13 AM

Can you elaborate more by what you mean that it is an "institutional" buy? Not a criticism, just wanting to understand how you see things and learn from it. Cheers.

UnknownUnicorn261897

⋅ Dec 29, 2016 4:18 AM

@SageFXTrading, It is a level based on research we receive from various institutions.

TRADE2020

⋅ Jan 6, 2017 3:12 PM

if you got long at 116.6 then that was a very HIGH risk to LOW reward, if you had a simple RSI oscillator , that would have prevented you from such a bad trade. its just my opinion, dont take it personally. have nice day

R3negadeTrader

⋅ Dec 30, 2016 2:21 AM

Brother you got stopped out INSTITUTIONALLY!!!!!

UnknownUnicorn261897

⋅ Dec 30, 2016 2:27 AM

@R3negadeTrader, grabbed 15 pips on it actually

UnknownUnicorn539240

⋅ Dec 29, 2016 3:21 PM

You are having a pretty big Stop Losses, don't you think?