Evan_Moe_Money
Short

Short with huge profits in the long term!

FX:USDJPY   U.S. Dollar / Japanese Yen
1. the main trend goes down.
2. a double top is forming out
3. Price bounced off that resistance

Aren't that 3 good reasons to go short?

Tel me what you think!
Trade active
Comment:
Kapitalerhalt steht über allem.

Trade what you see, not what you think
from here could be long ?
Reply
@JoeMatkinFX, Honestly, I don't see a clear picture now. IF it is a good doublet, then the price should break the neckline, and continue falling. For now, I take my profits, lean back on this one, and observe. Once we get another good entry, I will let you know. If I am not sure, I say nothing before making false promising.
Enjoy the rest of your sunday
Reply
JoeMatkinFX Evan_Moe_Money
@Evan_Moe_Money, Appreciate the reply! I was just thinking it looks like its in consolidation near support so possible upside. Have a great day :)
Reply
@JoeMatkinFX, Tell you something, it is pretty realistic that the price goes up again. We are in a channel, and price could also be forming a flag. But thats the thing about patters. If you look for them, suddenly you see them all over the place.
Look a specific car brand, and suddenly it seems people are driving only one brand at all... So I looked at the chart, and I think we really are in a kind of a channel and so the price should go up again. Even if the price is forming a Flag, or a triangle, price should go up, or should have broken out already.
Reply
@JoeMatkinFX,
See? You were right! It looks like the price will go up all the way to the top of the channel right now. Just keep in mind, we are in a long term downtrend and the price could turn around every minute (I usually try not to trade against the trend)
Reply
JoeMatkinFX Evan_Moe_Money
@Evan_Moe_Money, Wow i was right i'm happy ahah. I will trade this with caution good luck to you also!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out