USDJPY - I wouldn't mind some kissing ;)

By rludvik
Updated
This pair is plotting nice box, which can be opportunity for kiss of death. For greater chance, I'd like to see something similar as in the beginning of March - break out with strong candle, "kangaroo tail" or whatever we can call it, and then again retest of box border. Stop loss would be set somewhere in the middle of the box - line chart can give more clues. Area of interest for target is coloured green.

Line chart:
snapshot

March kiss zoomed in:
snapshot

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Not the most beautiful one, but shorted at 111.90.
Trade closed: stop reached
Woow. SL reached.
kissofdeathSupport and ResistanceUSDJPY

Disclaimer