Based on what looks to me as oversold. I was short this position and its time to close up shop on this pair. I have included a 60 and 200 ema. I think the blue (60) shows the extension and the red(200) is my target
I am going long.
EURJPY is extended on the RSI as well
Not investment advice
Im gonna skip the technical analysis on this one.
I dont plan to trade this but it's kinda part of cause and effect principle.
Kinda following my EURJPY trade and my USDJPY short. Its too much to track so again im not trading this and i dont know how the timing will play out. I was just thinking and figured i would look at the chart. Given the USD drop. I...
This is a long term outlook on the UJ. Rate hike before the price goes down? Get rid of the money with higher interest before it tanks maybe? Gold goin up?
Hey as always let me know what you think in the comments
Noticed a lot of UJ short ideas coming to my inbox. No comments? Wheres all the UJ longers? Does that mean you agree? Let me know what you...
I finnaly got some sleep. i get a bit punchy after the 2nd day. so i wanna wrap this up so i can finish my homework and get ready for midterms. my mother would say i sleep till the sun burns a hole in my ass.
does anyone elses mother say that? just curious anyway
so i see a possible domino effect of patterns and want everyone to trade safe. good luck...
For what its worth.
I figured I would give you all my big picture. Keep in mind these patterns have not finished yet.
Although I like to plan ahead I dont base my trades on incomplete patterns I see too many ideas saying buy the dollar because it broke some arbitrary line. I only trade my own ideas. But I like to hear others opinions.
So here is a 3hr time...
This looks familiar although this may go a bit higher first
not gonna bother showing stops and take profits this far out. anything can happen just sharing what i plan to do soon
let me know what you think in the comments
Not investment advice
I think the show is about to start. I see divergence that needs to be corrected and I have been waiting for this indication for a while.
If you look closely at the macd from the last post(linked) i showed you where it would come into play. we may see more divergence because UJ is a freight train.
As of now i have a good seat and dont see anything unexpected....
One last idea before bed 5 hours of sleep and off to statics yay
anyway this looks like a bull pennant so i figured i would let it run while i got some sleep
Moving stops up to zero risk and gonna let it ride
macd looks like it will turn also
looks moderately safe
just an idea not investment advice
This is just an idea and im currently only watching it form. UJ has been running strong for a while now.... Time is not to scale
I may wait for the turn around on this one. trying to catch this one may be tricky. The levels are an estimation based on the economic news report times. I gotta get some sleep so I cant watch this all night hopefully i dont miss the...
I was trying to go with a clearer time frame
Im not allowed.
anyway my take profit on this is 139 or lower moving my stop losses to take profit before the jpy reports
USDJPY may still drop but that looks unlikely at the present so im going with this. cant make money in a sideways market
IM not one to trade unfinished patterns but i just want to make sure anyone that follows my ideas and is longing UJ
Im not suggesting you do anything but if your gonna long a double top. At least get it at the right price.
Im not saying a head and shoulders will form because i usually take the bait on the double top and double down on the H&S.
If this helps you...