Short

USDJPY very close for a big fall!

Updated

USDJPY very close for a big fall like last year after BOJ intervention
As every time 150 trigger from BOJ a lot of verbal interventions and also last week a money intervention.
I want to remember you guys, as all move since end of January23 was a correction of big fall since Nov22-Jan23 and to reiterate that as the price in UJ in my opinion will not make any new high and 150-151 zone is a strong resistance with BOJ on top.
The struscture of HH and HL was broken in Jan23 and now price correct and will go down, helped by tensions, bad economic data, inflation in Japan, what will force BOJ to change their position in YCC and negative interest
Follow closely and every time when price is near 150 sell, 151 or last H nov 22 as a SL.

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100 pips SL, 3-4 months swing position

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Don't forget about....when will start, after so many concentration days, will explode literally
Hope u guys understand the point...

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first nice move, as BOJ decide to tweak in policy and to send yields more than 1%
That will move YEN up and JP225 down.
We will take the first 25% target on 144-145 on the trend

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sorry guys, on the channel, rest will move free, even return back we will sell again, in one moment the move will break down the channel and will go to 125 our target

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Shorted again UJ here, no SL as the BOJ following the position very closely

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tradingview.com/x/cK8Tlm7H/, sell bkdown if need more confirmation

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yesterday break maybe on CPI will go more

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as i told u guys...hope enjoy the profit

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look on DXY will nd take partial profit on UJ , maybe for short term DXY will go back up

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look like break for topish... let see 149-148.5 first support

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nice bounce on JPY index...keep buying YEN

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continuation move:)

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i expect correction where u can add more, or entry for late...
continuation too in play

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UJ very close to our first important target, from there i will expect a nice correction from where we will sell again, keep a batch don t tp in all the move will be as i present u, all is patience, why to take 100 of position when this give u money almost daily basis, but please bear that in mind, from bottom of the channel the price will correct very well, not expect to come back to 151 but...better to know that, if break just counter the money till the end:))

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Correction almost done

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first TP was taken here

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On D correction we expect a big retracement before the move will go down more

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As SMMA on D touch with macd zero, i expect a big retracement in UJ before will go more down, yesterday i close 50% of my position, as u see in the last bear move he still stay eleveted before smashed down. I expect same move now, if will break and continue, let it go

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power of patterns

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now wait for correction, continuation move also but still expect sooner or later a coorection

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continuation move correction finished but don t forget BOJ meeting...

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long run

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closed all Yen pairs, look like will reverse and if BOJ will not change the rate will go back to high.
I will look to short again when will be ready, i personnaly not like to sell YEN and not at the top anymore.
But u guys if have trust can do that...

Trader-MP

twitter @mihaipetrea6
telegram:@learntotrade20

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