Dear Traders and followers, There is an expectation that usdjpy price will react as per my idea. Most important price is 107.80, it should not break if happen so then structure will change. There is an expectation that Dxy price will approach double top or may break that level. Note: Everything works with Best money management. Note: Please leave comments for any...
USDJPY brief retracement may have topped out as bearish swing trade looks set to continue. See chart
Great opportunity to short usd/jpy for a long ride down. This is in correlation with USD weakness under trump presidency and also global indices calling for a huge correction on monthly charts. This analysis indicating a major sell off in USD. That could possibly be a geopolitical event maybe north korea/russia and US?? Its like the market predicting and...
good day everyone we see here a higher high to go for a gartley pattern long position here is the targets as per the chart happy hunting
Hello, I decided to go ahead and also provide the monthly chart as it might provide more information as to why I think it will head down towards 90 - 100. Cheers
I don't know anyone who trades this so called Shark Pattern, but, here is a looming D completion @ 109.800. A month or so back I remember Governor Haruhiko Kuroda made a statement saying this pair will see upside above recent highs. He even went as far to claim an actual value that I'm drawing a momentary blank. RSI is calling for buyers to take over, I'm certain...
From last week we saw price start a bullish transition, to the upside we will wait for what happens this monday as price develops. I am waiting for price to come up to price range of 111.725 and see how price reacts around that level if not the next level that I am looking at is 112.158 Of course we want price to hit one of these key levels and break trend to...
Saw u-turn/bounce off of 61.8 and cross of trendline to signal continuation 61.8% can lead to 127.2% and at most to 161.8
Here is the Weekly chart of the USDJPY with a nice test of the 200 SMA. Keep an eye on it for more upside as long as price can stay above the moving average
Going long on USDJPY before fed hike. Expectations for future rate hikes will decide direction. Yellen can promise more hikes but implementing them is another story :)
Sell below 114.07. Stop loss at 114.77. Take profit at 112.90. Reason for the trading strategy (technically): Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support...
We see first 100 PIPS up and than 150 PIPS down. We are open both sides but in the given range
We seethe price moving down further. We take short position at 13.05 and book profits at 12.20.
Buy above 112.58. Stop loss at 112.21. Take profit at 113.75. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal...