OANDA:USDJPY   U.S. Dollar / Japanese Yen
Hello Everyone! Time for USDJPY "DUH DUH DH"
So I'm expecting the price to Drop mainly because the overall trend is still down. This is a confirmation which means I would not short the market.

- I can see the 0.618 fib which was held previously.
- This might a pull back but It's a good place to look for entry guys.
- There are more market gaps to the upside as it is on a downtrend.
- Need to look out for the market gap on the downside too.
- As you can see the order were filled and price pushed up.
- If the price break above 107.900 I would consider this trade to be invalid but I would risk less on this trade (which is 0.5% )
*This pair can be easily influence from the news*

Thanks for positive message and feedback. I hope all of you are doing well and let's kill the market and be victorious.

Remember there is always a reason why price move the way they move. You cannot be always right but you can have advantage over the markets.

Comments

Hi There. USD/JPY difficult to call at the moment. I notice you have put market gaps on your chart. Would you mind explaining what defines a market gap. Many thanks.
Reply
Skrrace nelsyboy
@nelsyboy, Heya, I agree its a difficult call and Private message me. I'll explain it there thnx
Reply
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