Get started

Dollaryen

*Idea Taken From Raoul Pal* - Confirmed by Huge Inv. H&SRaoul Pal has been a screaming dollar bull since I've been following him, and his methodology and process are so logical. Global dollar shortage is fuelling the dollar strength and USDJPY appears to be in a staggering inverse H&S that has been in play since... the start of the Millenium. I'm already short EUR, GBP, and AUD vs. the Dollar, but looking to add JPY now. Focused on a break of the daily trend line at 110.00 and then resistance at 125.00. From here, 150-180.00 isn't too far away.
Long
by kier.hetherington
USDJPY - Descending Triangle - Downside ExpectedHi traders. USDJPY appears to have been forming a descending triangle on both the 4H and 1H time frames. Since market open today, it has broken out of the structure to the upside but since has now been pulling back. I believe this was a fakeout. Providing the green trend line is broken on the 30M or 1H time frame cleanly, it would then be time to short UJ to the blue trend line drawn, before considering any longs. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. Please drop a follow! I need reputation points!!
Short
by TheFinancialTRDR
1
USDJPY SHORT UPCOMING!!Hi fellow traders. USDJPY over the past week has been in a strong uptrend. It appears it may be time to see a correction, slightly towards the downside. Awaiting testing of the red trend line drawn. Upon this, looking to open a short position and take profit at the 0.382 Fib level. Stops are tight in case this idea is invalidated. RSI (14 period) further supports the possible downside move as it approaches the overbought region. This is just technical analysis. Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
Short
by TheFinancialTRDR
3