3:1 Risk Reward Please leave feedback on this idea. Constructive criticism would really be appreciated.
Watching for a break of trend on the USDYEN, require confirmation of a short down to around 114.9 levels of previous support. SL should be no more that 118.5
Following the additional stimulus of over 20 trillion yen announced early today by Shinzo Abe, I think that investor sentiment in the Japanese economy will be largely boosted, causing increased long positions in this pair, pushing up the price. Why now and why 110 yen? There has been a lot of choppy behaviour based mostly on structural moves recently, and I...
USD/JPY Weekly outlook, we have a couple reasons to think this is a bullish retracement. Returning into the weekly drop. Something to look at.
Hello friends! It's very clear zigzag in wave (4). As you can see the wave C of (4) already broke below 100% of wave A. (I put it as possible target in my previous yen post) I know that many of you are ready for continuation of the trend in wave 5 upside. I think we can have another drop down before that, and it can be painful. The area of potential landing is...
Hello friends! I put projections of waves A (larger degree) and wave Y (smaller degree) down and amazingly it is the same area around 114 mark. We need to be ready to act as we will see sign of reversal to catch wave up it will be brilliant i hope! Best wishes, Aibek
Risk/reward 1:19! Entry 122.95 Stop 123.70 Target 108.20
Hello! If blue c=blue a then we can reach 76.4% of black (a) and then fall deeply down to the area of previous wave 4 (red dashed horizontal line)
Entry 120.606 Stop 120.19 Target 122.20 Move stop to break even once above 121.49 Enjoy!