FX:USDJPY   U.S. Dollar / Japanese Yen
36 0 0
The price travels within the symmetrical triangle towards the apex at which a longer-term decision will be given. The latest downward move is headed towards Fib .618 level, which also a confluence zone. Now it seems it is best to watch how the price structure will be formed and what the market will do at that zone. Stoch-based short-term trades seem possible in lower time frames, though risky. We are yet to know if there will be more sideways action since we may be already so close to the decision point. ML breakout might trap the bulls. SL breakout confirmation is normally needed unless there's strong evidence for the continuity of the bearish motive.
Comment: SL touch! Time to go long with a tight stop and not very glorious expectations.
Trade closed: target reached: This was a quickie contrarian trade, in which we just had a happy ending.
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