Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
USDJPY
U.S. Dollar / Japanese Yen
Long
USDJPY
By UnknownUnicorn483829
Follow
Follow
Updated
Jun 25, 2019
7
Cheer
Cheer
2
2
Jun 25, 2019
Hello all - DuncanForex.com here with another trade idea
As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below)
On the monthly chart it printed an amazing pin bar (back in Jan)
It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart)
I think this could head up to 115 level easily on a Fibonacci extension.
I have entered 3 trades at 106.91 area
DuncanForex.com coming soon (about 1 week)
Thanks for looking
Duncan
Jun 25, 2019
Trade active
Comments from Bullard (who is a Dove) said no need for 50 basis points rate cut and USD strengthens immediately - trade live
Jun 25, 2019
Trade active
I have taken a 4th and 5th trade at 107.15 with stops moved to break even for the first three trades at 106.90
Jun 26, 2019
Trade active
hi all, stops for all 5 trades are at 107.30 area
Chart Patterns
jpy
LONG
LOTS
of
OFF
pips
risk
Trend Analysis
USDJPY
Related publications
XAUUSD - GOLD SHort short term retrace
by UnknownUnicorn483829
Published
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
.