As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=110.65. TP4: R2=110.8. Set the stoploss of these orders at breakout of S2=109.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
This is an advanced technique trade here we have an ascending cloud with medium thickness When the market reaches the Senkou B (bottom of the cloud) which is the last support level There is a high probability (87%) that it will bounce back up to the Senkou A (top of the cloud) ** It is important to note the negative USD news that came out today (Powell Press conference)
Small Scalp befoe london open. tight stop loss see if it goes anywhere
So i sold USDJPY when it deviated from its uptrend an hit 112.2. This i think will be a solid ground to bounce on just like the bottoms from Dec 6 and 15th last year. Happy trading
Trump and Comey news has caused dollar to tank. But I believe the USDJPY will bounce off current support to head back to the upside to try the 115 area again.
BUY AT D LEG TO B PROFIT TARGET 50 PIPS STOP LOSS
Hello everyone we were able to sell UJ right at the top and the price made a pullback just the way I predicted on my last update. Now I am expecting the price to go higher and looking to sell close the upper trendline. Heres a video analysis on this setup www.youtube.com Cheers
Hey Traders! USDJPY has completed a triangle at the end of wave-(B), alternatively wave-2. This move has potential to find T2. Stop is very tightly placed behind wave ii pullback on a lower TF. Will update as the breakout unfolds. Happy trading!
Technical : Strong bullish trend still in tact. We had a few tests of New Support/Previous resistance. (121.80 area) Looking for a clear break of 122.00 to continue the slow rise to 124.00 area. Fundamental: BOJ states no clear end in sight for easing - "Strengthening monetary easing too much to push up inflation in short period will threaten economic, price...