Expecting bullish price action on UJ as we are in a bullish market structure from a HTF premise, JPY is very weak from a fundamental standpoint. The market sentiment index shows us that the retail herd is SHORT on this pair meaning we have to look for LONG entries. What do you think ? Comment below..
Market is regularly in BUllish trending. RSI is showing divergence. there is a support near previous high so we are expecting bearish move.
I just added another SELL @ 129.20 and average now 126.71. No doubt an extremely overdone environment, but surely not the first time for this currency pair. In such markets we maintain a reasonable leverage and one always should. Let's see further developments and will update later in day again when needed. I have changed the orders to the following: BUY back...
YEn is in free fall but get less power to go more up even it took 100 pips today i think the target can be 130 but before that need to take a real breath like to 122.5 but i put only 124 to be sure because he is much overbought daily and weekly have ùany space to go down,also investor may wanna take them profit on this trade i go with just 1 lot and did not make...
I just sold @ 127.27 adding to the short position and average now a comfortable 125.67. Leverage still very fine, but little more aggressive now. The weekly chart and daily chart are both very overbought, hence adding a slightly increased leverage. For new positions of course sell current levels. I am going to add 127.95 again FYI. The profit (take back) orders...
No change in view. I will adding short above 127 (let's say 127.27) when seen. The market is still overextended, but one should consider the market to be not very liquid today and moves can be a little unexpected. The idea is that coming weeks we will see the correction, as we are analyzing a weekly chart. For new positions we SELL current 126.50-126.80 and...
I just ADDED further SELL @ 126.18 as I feel the run has been gone to far. Of course, am still maintaining a very manageable leverage, and this I always promote it to be the case. The average is now 124.77 for your kind information. The take-back orders are now: 20% @ 125.77 break-even Balance @ 120.78. For new positions of course SELL @ 126.00-126.20 current...
Expecting bullish price action on UJ as we are in a huge bullish market strucutre both on technical and fundamental perspective, price rejected a bullish orderblock area an clearly confirmed it. The retail herd is SHORT on this pair meaning we have to look at LONG entries to have a better probability to see a take profit What do you think ? Comment below..
No change in view. I did add a SELL @ 126.05 and average now 124.27, which is good for the expected move to 120.17. We might adjust it slightly but for now I keep it at that level. we are overbought and its severe enough to expect a good correction. For new positions sell @ 125.30-125.70 and add sell above 126 same as before. Keep leverages in check.
No change in view. The market is over extended and it requires corrective action. The DC starts tooping-out and we are still on a high RSI. For now SELL @ 125.30-125.60 and add abov 126.00 for now. Profit order @ 120.17.
Hi usdjpy is near strong supply area and Ready for 1:4 RR position Timeframe H1 take position and Enjoy
No change in view. I was unable to add a SELL @ 126 above. For now will sell further above 126.00 (perhaps 126.25) but little more aggressive leverage. Right now still very low leverage and no issue. If new strategy, SELL current @ 125.30-125.50 and add above 126 as suggested. profit order 120.17.
I just added another SELL @ 125.29 and average now on position @ 123.87. The market way over extended and I will add further above 125.90 again. Profit order changed to 120.37.
No change in view. I will be adding above 125.00 when seen. The market is still very overextended, but this is not unusual for the pair. This is one of its characteristics. However, always remain low leverage trading to avoid unwanted issues relating to the floats. For now if new, SELL current @ 124.30, or as stated (when already short) only add above 125...
usdjpy for sell rejecting from the resistance - JPY Stonger now for short interval
No change in view. The market feels heavy and a topping out pattern, kind of spiked as we all have seen. Usually this bodes not well for the bulls and I think we may see lower levels coming weeks. For now sell @ 123.80-124.10 and add above 125.00. I already am short average 123.15 with small leverage and am happy to add higher. Profit order same 119.37 for now.
📉 Expecting bearish price action on UJ as price takes out the buy side liquidity on the M30 and right now it's making the bearish reversal move, price made a lot of bullish imbalances that has to be filled those imbalances should act as a magnet for the price 123.000 is my target where bullish ordeblock and imbalance will be mitigated. JPYBASKET is also very...
No change in view. We should be seeing lower levels medium term and this could be coming weeks. The chart pattern is showing signs of tiredness and topping DC and overbought state weekly chart, The strategy still same... SELL current 123.70-124.00 and add above 125.00. Currentl am short @ 123.15 low leverage and will add now above 125 only if seen....profit...