hadesduke

hadesduke Updated 

Short at 125 area, and stop loss above 126, which is a previous strong structure that should not be broken. If it breaks, that means JPY will deprecate a lot. Target area is 122, previous support area. R/R is about 1:3, which I think it is a good trade.

hadesduke Updated 

Long Plan: Since this pair is going to bounce, enter long position now @117.80; SL: 117. Target: 120. Short Plan: Sell @120. SL: 120.65. Target: 116. Keep an eye on the broken triangle line @121.50.

hadesduke Updated 

Short Plan: Bullish Bat Pattern is forming, expecting completion around 1.06/1.0580 . Buyers want to break 1.10 twice but failed. Entering short at 1.09/1.0920, or you can wait for the confirmation signal when it breaks the previous strong support - 1.08 area. SL: 1.1070 (previously high) Long Plan: Buy at 1.0580 and look to 1.1250. SL: 1.0520 (previously low)

hadesduke Updated 

In the 4H chart, USD/JPY completes a down trend AB=CD around 120.20. Enter Long position at 120.20; Target: 123.5; SL:119.80 A key area to watch out: 121.50. This is the 61.80% of the up-trend. If there is any big pullback in this area, it would be a confirmation that this is only a retracement of long term down-trend. If the price goes above 123.80...

hadesduke Updated 

Sell @ 0.6834, SL: 0.6895 (previously high). I will double my position if the price goes crazy and reaches above 0.6860. See there is a strong resistance from 0.6865 to 0.6895. Target: 0.6650/0.640. If the price cannot hold here, it will drop to 0.640 area quickly. If the price holds, it can be back to retest the minor resistance zone 0.6715/0.6720 before falling...

hadesduke Updated 

Short Plan: Sell around 132.40 to 132.80 (the resistance zone). SL: 133.25 Target: 130.30 (completion of bullish bat pattern) Long Plan: Buy around 130.3, SL: 129.70 (previously low) Target: 131.60/132.40