USDJPY: Downtrend Continues After DXY Fails At $94.30

FX:USDJPY   U.S. Dollar / Japanese Yen
47 0 3
As DXY             failed at $94.30, USDJPY             also reversed downwards.
I discipline myself to use a TRADE-MAP approach. I have to remind myself to use "best practices" and not let emotions cloud my view. TRADE-MAP stands for:
1. T : Time and space (Fractals); 2. R : Repeating Cycles; 3. A : Advancing Trend; 4. D : Declining Trend; 5. E : Energy in Phase Forces.
Now the letters in MAP:
6. M : Momentum and Velocity; 7. A : Analysis of Structure; 8. P : Price Performance. This is my personal "TRADE-MAP" approach. Your technical tools certainly can differ.
The following information (my interpretation of the above chart) is for USDJPY             . Here are "Don's Top Ten Technicals": 1. The Ichimoku Cloud is FALLING relative to structure to the left. 2. Prices are trading BELOW the cloud. 3. Prices are trading BELOW the thick red Ichimoku Cloud Conversion line. 4. The thick red conversion line is moving LOWER. 5. The thick black line is the Ki jun-Sen baseline of the Ichimoku Cloud and this is HEADING DOWN.
6. The indicator on the top of the page is RSI / Stochastic , and this is peaking. 7. The top-side middle indicator is vortex and this is turning NEGATIVE (red over green).
8. The Top (bar-type) indicator measures the "phase energy", and this is WEAK, and completed a ZERO LINE CROSS-OVER. 9. The red fractal arrows (not pictured) are DOWN. 10. Look to the far lower right on the chart, you will notice a blue line on the top (lips), with black dots below (teeth), and a yellowish line (jaw) below the black dots. This is where I ask you to use your imagination and envision these three items as the "jaws, lips, and teeth" of a FEEDING alligator in a down-trend. This is a negative indication and suggests lower prices for USDJPY             .
If there is a short term up reversal attempt, WHICH IS LIKELY, remember, the trend must go higher than $94.30 on DXY             .
I hope this has been helpful, entertaining, and informative. I hope it saves you money. May all of your trades go well. Don.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out