I just found out that the price for USDJPY now is near to the Resistance, plus I see a downtrend channel.
If the price still hold below the Resistance, USDJPY will go down again, and probably gonna try to breach the 110.00.
Therefore I decided to entry Short Position :
STOP LOSS @111.50
TAKE PROFIT @110.30
It may go down, it may be not.
This is just...
I have SL at last sell order on USDJPY. But price going so slowly up that i still waiting for fast sell movement.
Lets try make sell order from 109.91 to 108.50 TP and SL=110.17 RRR - 5.3.
Write in comments your opinion about this position on USDJPY.
I see that all USD pairs in medium term - are in downtrend.
But on NFP - USDJPY make good movement highly. Why? New buytrend? Or collected stops and went down? I think that way.
So i find sell position with SellLimit on 109.59. SL-109.83 TP-108.47 RRR - 4.53
Good or not? It really risky position. But interesting RRR. So lets try it :) I wish good...
USDJPY is still on its bearish run, on the resistance line will be a potential trend trading opportunity for shorters.
If market break above and close above the resistance line, the market is on its bullish turn.
For aggressive traders, you can wait for the market retracement back into the blue zone and it does give the aggressive traders an opportunity to engage...
Hi everyone this is what i see at the moment
USd yen looking like its going down to the target mentioned once this tp gets hit once that happens a reaction will take place how much that reaction will go up etc
happy trading everyone
Smoked 'em good boys' n girls. Wicked that top down trendline PERFECTLY. (See previous charts, drew it like 2 weeks ago).
It was only a matter of time before they had to reset all the indicators and I think I was only a day or less off.
Bears need to take out the 3-bar pattern (pretty much taken it out) and more importantly 110.6xxx. Bulls need to stay away...
Price is forming a reversal pattern and we have macd divergence but not so strong, look for sell as much high as you can. First target in the pattern at the bottom trend line.