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...