Hi guys , After strong upward move USDJPY is looking for retracement. I am not telling that this trade will sustain for a long term because over all trend for the pair is upward. but For Short term you can jump into the trade thanks .
I see a new high has been made extending past the kneckline of double bottom I see a possible retest of the channel support. EMAs still show a steady upward trend. I wouldnt call short until we see this retest has succeeded. If it fails we could see new highs. my Target is around 117.5 long. Im going to wait and see for any shorts. too early to say imo
Sell below 114.07. Stop loss at 114.77. Take profit at 112.90. Reason for the trading strategy (technically): Price continues to drop nicely from our selling area. We remain bearish below 140.07 resistance (Fibonacci retracement, horizontal overlap resistance). We also tighten our stop loss to 114.77 to protect our profits. Profit target is at 112.90 support...
Buy above 112.58. Stop loss at 112.21. Take profit at 113.75. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target from yesterday. We turn bullish above 112.58 support (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to 113.75 resistance (Fibonacci retracement, horizontal...
Sell below 113.95. Stop loss at 114.95. Take profit at 112.56. Reason for the trading strategy (technically): Price has reached our profit target perfectly. We now turn bearish below 113.95 resistance (Fibonacci retracement, horizontal resistance) for a drop down to 112.56 support (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing...
Buy above 111.35. Stop loss at 110.10. Take profit at 113.15. Reason for the trading strategy (technically): We remain bullish above 111.35 support (major Fibonacci retracement, horizontal overlap support, Fibonacci projection) for a push up to at least 113.15 resistance (Fibonacci retracement, swing high resistance). Stochastic (21,5,3) is seeing strong support...
Hello everyone ! For USDJPY I personally going to take a long position. Thanks
Hi Every one, USD.JPY possible reversal corrective setup is forming. In Intraday basis USD.JPY weakness should continue upto 112.15, we expect possible reversal from 112.15 level. Possible reversal Date 27 / 01 / 2017
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron