U.S. Dollar / Japanese Yen

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U.S. Dollar / Japanese Yen forum


USDJPY Entry buy 147.100
Target 147.300
Target 147.600
Target 148.000
Stoploss 146.700

USDJPY at least there is a pretty consistent up and down right now. If you catch it just right ride it to the current bottom and slap a stop loss behind it. Wait for retracement confirmation and ride it back up. It takes a little practice but very doable.

USDJPY Notes attached... tradingview.com/x/UQO4wP8I/

I am projecting a move towards 145.856 as a 'mini swing' TP target... No brakes.

I'd love to see a candle closure below 146.627, and then wait for retracement... and then target lower.

Follow the wave. F it, if on the 'obvious' eye it is bearish, whatever, stick to it.

H4 gap being invalidated due to 0 break of structure. (a close above the recent 'swing' wick). H1 gap being invalidated also due to 0 break of structure.

What do we do in this position? I don't know. Stack probabilities, and then go for the shot... Fundamentals weak? Feds planning to cut rates? Thats the 'route' and we shall stick with it.

Will continue lower. No retracement unless there is a H1 candle closure below wicks. (146.627)
Snapshot

USDJPY I can say for sure the market will go up or down or sideways!

USDJPY Let the panic settle - I can almost guarantee this goes back up to 147.5 before end of asia session

USDJPY 1m 5m / 4h Delta Volume is favoring a sell, but I believe that as much as I believe my cousin will return that $30 I let him borrow 10 years ago.

USDJPY puts sun glasses on, looks up in the sky.

oh look how high its flying!


Forreal tho can it not retrace this time

USDJPY trump does something stupid>market drops>market forgets a few hours later>market goes back up. Rinse and repeat.


USDJPY did a query on the drop:

Market Doesn’t Care About Sex Scandals — But It HATES Uncertainty

If traders even sense that:
• Trump might be shifting attention away from something dangerous or damning…
• Or that foreign relations are being used as cover for a domestic scandal…

Then you get exactly what’s on your chart:
• A violent drop in USD/JPY
• Momentum rejection off a fib + ichimoku confluence
• Starblazer curling down (wave collapsing)
• Traders saying, “Nope. Too risky. GTFO.”