Get started

Risk

Why USDJPY Could Move Lower..Hello Traders, we hope you had a successful trading week. In this short update, we wanted to talk about the USDJPY and why it could move lower thru out next week. After the market rose about 17.09% in last years impulsive to the upside, the USDJPY was in a sideways trend for weeks. Now the market broke its key level of 111.476, which could open up an extension lower to around the last resistance now acting as new support at around 107.456. With the health bill rejected today, we could see throughout risk equity weakness next week. Which would consist with USDJPY trading lower on risk aversion. If we don't see any significant fundamental changes throughout next week, were going to search for short opportunities in USDJPY, especially with the break of the important resistance. We will keep you updated on this one. We wish you a relaxed weekend. Trade with care and always use a stop loss while trading and don't overleverage, otherwise you will lose your account! Cheers
Short
by secrets2trade
Neoscoin opportunity with very low risk and big possible profitBig bullish candle(some call it caffeine candle) from 15 of February established move which could reach highs from September. Pair was stopped by GAP and is on consolidation creating nice flag pattern. I would enter now or wait for pair to retest short term support established around 0.0001700 level. I'm not sure when or if the pair will go above GAP and it is quite possible that it will go lower. In my opinion this pair is testing GAP from last week right now. Price can move sideways for sometime and eventually bounce from 200 ema.
NLong
by Krystiannwk