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Usdjpysell

USDJPY-SELL+++We are slowly correcting down wards but with some resistance to it. Market feels it still wishes to battle, but now we got a kind of hammer formed... and further we are still overbought... and there is room for first decline to 124.67. I expect it to consolidate and trade up to 127.25 before down to 123.50. For monthly chart perspective we should see near 120.00. For now strategy is for new comers SELL @ 128.17 and add SELL 129.57. For existing shorts only add @ 129.57. Profit orders slight change: 30% @ 127.03 30% @ 125.87 Balance @ 123.67 We might re-sell again once trimmed... will update on that at the time.
Short
by peterbokma
2
USDJPY-SELL++++No change in view. I will add SELL @ 128.80 again. The steepness of the GANN angle/fan will attract gravitational force. The first move down will be towards 126.27 and then expected consolidation back to 127.20 area. Overall I suspect we will see 124.78 and then followed by 122.30. Monthly chart I see correction below 120.00. Strategy is SELL @ current 128.30 (new positions) or add 128.80. Profit orders: 30% @ 126.65 30% @ 125.17 Balance @ 122.78 for now.
Short
by peterbokma
13
sell usdjy at 126.05 with 2 tp until 124.05 YEn is in free fall but get less power to go more up even it took 100 pips today i think the target can be 130 but before that need to take a real breath like to 122.5 but i put only 124 to be sure because he is much overbought daily and weekly have ùany space to go down,also investor may wanna take them profit on this trade i go with just 1 lot and did not make stop loss coz i know max target before rejection cant be 130 ,but maybe 127.5 or 128 and if its the case,every 75 pips up more i will add 1 lot coz i have the bamance to can do..and so when he will back down my target can still or change dependt of the volatility i will update my trade in time,i will try also when it will rech target 1 and i will make a stop loss to 125.75 for at least got 30 pips gains in case he pullback up before reaching my target 2.
Short
by corsicasia
2
USDJPY-SELL++++No change in view. I will adding short above 127 (let's say 127.27) when seen. The market is still overextended, but one should consider the market to be not very liquid today and moves can be a little unexpected. The idea is that coming weeks we will see the correction, as we are analyzing a weekly chart. For new positions we SELL current 126.50-126.80 and for existing shorts @ 127.27. The profit order is: 1. BUY back 30% at breakeven 124.77 for now 2. Balance @ 120.17 for now.
Short
by peterbokma
16
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price takes out the buy side liquidity on the M30 and right now it's making the bearish reversal move, price made a lot of bullish imbalances that has to be filled those imbalances should act as a magnet for the price 123.000 is my target where bullish ordeblock and imbalance will be mitigated. JPYBASKET is also very strong and i expect it to rise meaning XXX JPY pairs should go down. What do you think ? Comment below..
Short
by AnonimFXRO
3