Short

USDJPY Deep fall

Updated

USDJPY is ready for a deep fall as volumes are declining and price is rising parabolic to a standstill. Good R:R of 1:10

Trade active

Clearly need to babysit this trade because of the USD pumping done by CB

Note

So artificial, no risk management is showing it's importance. But don't let this deal go, if you are stopped out or still holding you will soon be rewarded imo

Note

R:R is 10 but honestly I think it may go down all the way to 102 in the next 6 weeks. Scalp it for maximum profits!

Note

Let's wait for LH to confirm before we go in again

Trade active

Long wicks, there she comes. USDCHF and USDCAD went ahead already. Go UJ!

Note

Let's try this again from new heights. Similar signals moreover. Volumes declining while price rallies in a curve signalling selling pressure to overpower buying pressure.

Note

Two days further, turning our day trade into an intra day trade, it has become profitable. If our expectations are correct we will maintain or R:R because on the chart above it now looks like a poor 1:2

Note

Let's hold it longer with as goal at least a 1:10. The final duration of the trade will be of valuable input to us for further trading of this USD devaluation season.

Note

The fall has started now that USD and CAD are in sync and bot in a downtrend. It's just that the JPY is holding up the other two.

Note

As usual I was too much of an optimist and and timely instant buying surges with no recorded volumes are blocking exactly when cycles are in favour of GU, EU, AU & NU to rally.

Trade active

Another positioning activity by the market has put all currencies into the correct position for this move. I sell UJ again.

Trade active

Almost a full month further down, let's try again.

permban

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.