jolicoeur342
Long

USDJPY - POSSIBLE LONG

FX:USDJPY   U.S. Dollar/Japanese Yen
1082 12 29
USDJPY             is currently on that VERY STRONG BEARISH TRENDLINE! Let's see if it break it! If he does, BUY till 106 then we will be able to get a good short opportunity from there to 103 again =)
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Lets see what will happen
Make sure to LIKE and FOLLOW for more ANALYSIS =)
Comment: Didnt break yet! Be patient!
Comment:
snapshot

i see a BO
#bulltrap :)
+1 Reply
idk JPY is really weak
Reply
JPY was weak because of the Fed talking about a possible rate hike. JPY gets stronger when there's uncertainty around the world because of Japan's positive balance of payments. There's a lot of money from Japan invested all around the world. I'm going to short usdjpy but put a tight stop loss and go long if the breakout retests and confirms itself. I like your analysis by the way! Keep 'em coming!
Reply
hey bro... what type of analysis is this called ??
+1 Reply
Its called Pierre-Charles Jolicoeur Analysis =) hahaha
+3 Reply
ghouse jolicoeur342
lol !! yeahh...it deserves this name bro... you do it awesome :)
+1 Reply
haha thanks alot!
+1 Reply
mnwind jolicoeur342
PCJ analysis? Should we call you PCJ? :) nice weekend!
Reply
Do you buy breakout now? If so where should we put the stop?
Reply
BTW, do you scale in scale out positions? For example, USD/JPY dropped from ~ 105.5 at last big BOJ event, should we take partial profit at this level?

Reading chart is not that hard for me, execution is. I often get in too early and get stopped out (no scale in), or take profit too early. I bought USDJPY at 102.2, already sold all at 103.5 after NFP news when USD dropped against most other majors.
Reply
you have been analyse with simple tools and i need to say you congrats, very very good idea. all of your analysis is great.
Reply
what is BO
Reply
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