...And no i dont mean my wife, or do i haha.
This trade is going to hell to dance with the devil, i have been waiting ages for price to break a daily level... and finally it has.
Bears normally like it cold but not these bears as they are taking price down to see Satan ( and no im still not talking about my wife ) its a good job she is not on trading view...
In the immortal words of Salt-N-Pepa ‘Let’s talk about stocks, baby!’
Nothing seems to be able to keep stocks indices down. Trump has sent the war cry as he enters a new election campaign (I have had to scroll back for 5 minutes through only two days of tweets to find it!)
‘ The Trump Economy is setting...
Try not to over complicate your trading, trend lines and support levels indicate a STRONG SELL. I anticipate a slight bullish rise and will wait for confirmation before placing a sell position as per the chart.
I firmly believe that this pair will reach support levels, will wait for trade to be in profit (50 pips) then move SL accordingly.
Have a great week...
USDJPY has been travelling in a (BLUE) descending channel and has also been following and testing a (BLACK) descending trend line multiple times inside of the channel. Price on the daily chart made a sharp move upwards yesterday breaking above the previous resistance zone (now support) and also the black trend line. Depending on the closure of today's candle we...
I have a few active trade on this from the top. Those who missed out on the entries from the top can enter again as we have a nice pullback. I've marked the tp and sl for you as well.
Trade safe and good luck.
Confirmation is big part of trading and waiting for it - always look for at least 2 or 3 additional reasons why a trade is a buy or a sell.
We make mistakes and we take losses whats important is that we learn and take it forward.
USDJPY HAS BEEN TRAVELLINNG IN AN ASCENDING CHANNNEL EVER SINCE THE LARGE DROP ON ALL FX PAIRS, HOWEVER IT RECENTLY BROKE BELOW IT AND CLOSED.
WE EXPECT PRICE TO RETEST THE CHANNEL (WHERE PRICE IS AT NOW) BEFORE DROPPING TO THE -0.27 EXTENSION...
I've been following every ups and downs on this pair since December 2018. I've taken a number of short term trade as well. As you can see this pair have been following the trend line both (upper and lower) since last year and never broken. It is about to finish and hence we are seeing the tight consolidation over the last few weeks.
Good news is,...
As you can see USDJPY has reached to 112.000 handle which has acted as a key level of support and resistance on a number of occasion in the past.
While RSI is also seriously overbought situation and JPY is expected to be strengthen over the coming week. Added bonus we have a perfect reversing signal sitting on top of the chart.
I have gone short...
USD/JPY has been on in a rising channel making decent HH & HL, with a decent and clean market structure. The market broke out of the trendline with the first impulse push and later started the exhaustion move to the upper resistance area, Market has fully exhausted its bullish push and UJ bear market has come to stay. The bullish daily engulfing at the zone is a...
USDJPY, Ever since the extremely large drop on mist fx pairs, USDJPY has pretty much just been travelling in an ascending channel with a few false breakouts here and there.Price is at the . bottom of the channel now and has made a higher high (broken resistance, indicating a movement to the top of the channel again
Possible short for USDJPY. Most people would leave this par alone and have no idea what to predict due to the fact that the chart has been moving 'Sideways' for a while now and most people usually stay away from sideways moving charts. I can see a parallel wedge forming and price is getting close to the edge which means its going to break out one way or another....