PriceActionTrading
Short

USDJPY TRADE: WITH ENOUGH CONFLUENCE TAKE NOTE

FX:USDJPY   U.S. Dollar/Japanese Yen
253 7 4
THERE IS QUITE A LOT CONFLUENCE FOR THIS TRADE I THOUGHT MAYBE I SHOULD POST IT OUT THERE.
NOTE: MARKET IS TOO SILENT NOWADAYS, NOTHING IS GOING THE WAY IT IS SUPPOSED TO BE. THUS, THIS TRADE MAY NOT WORK OUT. BUT OBSERVE THE CONFLUENT I POINT OUT AND MAKE YOUR OWN ANALYSIS.

W1 BEARISH ENGULFING
D1 20SMA 50SMA RESISTANCE
H4 20SMA 50SMA RESISTANCE
D1 50% RETRACEMENT CURRENTLY


H4
snapshot
W1
snapshot
PLEASE SUBSCRIBE COMMENT LIKE MY IDEA IF YOU AGREE OR DISAGREE.
ON THE H4 PRICE HAS NOT YET CLOSED ABOVE THE 50% FIB YET AFTER REACHING AND CUTTING 60%.
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Near
2 years ago
"NOTHING IS GOING THE WAY IT IS SUPPOSED TO BE" - tell me about it lol
Reply
PriceActionTrading Near
2 years ago
Hi there,
GBPUSD AUDUSD NZDUSD EURUSD not moving in sync. AUDJPY GBPJPY EURJPY NZDJPY not moving in sync. I can only be confident in trading when they are moving in sync. Like say, right now GBPUSD and AUDUSD is higher and higher while NZDUSD and EURUSD is down. But i believe they are all going to move downwards soon. In a day or two most probably.
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Near PriceActionTrading
2 years ago
Yeah the GBPUSD/NZDUSD are what I'm waiting on. Looks like both will close at the end of the day as pinbars from their respective resistances. A small part of me is tempted to double-up on my positions on those 2 but I must stay loyal to my risk management :)
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I am short 119.60 stop 119.90. I really believe the USD has made a top and I am now finding entries against strongest counterparts such as GBP, JPY, NZD, and Gold. Good pips!
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PriceActionTrading Le_Chiffre_
2 years ago
good luck charly. i cannot confirm my sentiments regarding USD. irregular.
Reply
Le_Chiffre_ PRO PriceActionTrading
2 years ago
USD might go South
Here my USD analysis if interested. This is a straight application fo the theory. Now the future will tell us if the theory applies or not :) . Good pips!
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