jnoakes1

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Markets Allocation
100 % forex
Top Mentioned Symbols
USDJPY 75% | 3 USDCAD 25% | 1
jnoakes1 jnoakes1 USDJPY, 60, Long ,
USDJPY: (60)UsdJpy
70 0 2
USDJPY, 60 Long
(60)UsdJpy

This pair have now been down trending for nearly 2 months so momentum and profit-taking are moving in.There are 2 supports levels it needs to break to continue its down trend. Personally, I'm not waiting for the break consolidation to go long as I want to be in the trade early but if it does go aginst me I fairly confident I can still make good profits and cover ...

jnoakes1 jnoakes1 USDCAD, 240, Long ,
USDCAD: (240) USDCAD
97 0 5
USDCAD, 240 Long
(240) USDCAD

Ranging pair on the daily and fib taken also from daily chart. Let's see how it pulls back keeping an eye on the news

jnoakes1 jnoakes1 USDJPY, 60, Long ,
USDJPY: (60)USDJPY
80 0 2
USDJPY, 60 Long
(60)USDJPY

Moving strongly to wave three and the fib 61.8. I will now wait for a move from wave 4 before moving my stop to just below wave 2. I will keep close eye on the break of wave 5 as i have shown yesterday. Fundermently nothing in the calendar to scare both currencies this week.

jnoakes1 jnoakes1 USDJPY, 60, Long ,
USDJPY: (1hr) USDJPY
105 0 2
USDJPY, 60 Long
(1hr) USDJPY

Although it is in a bearish trend on 4 hourly and the hourly it's hitting a 61.8 retracement now and i think it will need a pull back now. If this does manage to break Target 1 i will leave until Target 2 then will reposition at 115 approx heading all the back to 117/118

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USDJPY
U.S. Dollar/Japanese Yen
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RBS
ROYAL BANK OF SCOTLAND GROUP PLC ORD 100P
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CHFJPY
Swiss Franc/Japanese Yen
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