Hi traders!I hold a point:Good charts does not need more words to explain! Good luck!
Quick little analysis I got together for how I think UJ will trend tonight and/or tomorrow.
USD/JPY Long TP1: 113.700 TP2: 115.040 SL: 111.900 Entry :112.750
Possible long on FX:USDJPY around 111-110, beware we will have a strong resistance area above, so if you are thinking of going long think about the resistance area that will be formed once price reach the zone
Switching sides this week on u.j, the attached dxy chart also shows the room to the downside in the USD for the coming week, with no word out of the fed, all eyes on Hammond and Draghi we have a typical buy rumour sell fact scenario on our hands. will be posting updates in the new telegram channel thanks and gl
Going long on USDJPY before fed hike. Expectations for future rate hikes will decide direction. Yellen can promise more hikes but implementing them is another story :)
Sometimes when something is too obvious there is some suspicions beyond ... and it's smell like a trap... Bear trap... To be a trapped bear is tough job. And if you are hunter, now is time to be patient and use that strong bear support and look for long entry. Bears must know that there is always better entry location. More details about three musketeers ...
the picture pretty much says it all ... Id be keen to hear yalls feedback ... #economicfreedomFX
usdjpy elliot wave, long trade.
Sell below 114.95. Stop loss ta 116.15. Take profit at 111.70. Reason for the trading strategy: Price has shot up and reached our profit target perfectly. We now look to sell below major resistance at 114.95 (Fibonacci extension, horizontal resistance, descending resistance, Fibonacci retracement) for a push down to 111.70 support (Fibonacci extension,...
Sell below 114.25. Stop loss at 114.97. Take profit at 112.90. Reason for the trading strategy (technically): Price has dropped from our selling area really nicely. We remain bearish below 114.25 resistance for a further push down to 112.90 support (Fibonacci retracement, horizontal overlap support) as we also tighten our stop loss to 114.97 to protect our...
I am expecting a drop here let me explain to your guys the reasons. .Compression Zone .Price too expensive to buy .Price Holding At Certain Level .Triangle Compression Good Luck Regards MJ (usd/jpy)
Sell below 114.25. Stop loss at 114.97. Take profit at 112.90. Reason for the trading strategy (technically): Price is testing major resistance at 114.25 (Fibonacci retracement, horizontal resistance) where we expect a reaction from and a drop to at least 112.90 support (Fibonacci retracement, horizontal overlap support). RSI (34) is seeing major resistance at...
Possible Retrace on UJ. Temporary TOP ( target ) reached! oy!
I hold a point:Good charts does not more words to explain! Good luck!