Uj
USD/JPY - NICE QUICKY SHORTOANDA:USDJPY
4 hours into the FX open start of the week, a bit into Asian session.
Nice quick and painless short for hard TP of 10 pips.
The quick push to the downside went beyond 10 pips and more, maybe a bit over 20 pip on the initial structure breakout to the downside.
But doesn't matter, hindsight is always 20/20 and I don't care.
I have to check my FOMO and GREED at the door.
Only way for me to survive this game we chose to play.
Trade well
USD/JPY - Last FridayOANDA:USDJPY
Last Fridays FX Sessions
Not bad for this pair for taking shorts.
I marked a few prime short entries on the 5m, and there were others as well.
I did not take an entry on this pair, but it was one of the top 2 pairs I filtered, to take a short.
Instead, I took one on the EUR/JPY.
Patience, and trade management.
Trade well
USDJPY - In for a short term correctionDollar is loosing steam this week after the huge push up we've seen recently,
Here we can see an ascending pennant, a textbook favorite, that is breaking down with a strong H2 engulfing making it look like it could go back to support
It's a counter trend trade, so we have to be carefull, and expect less
The ascending pennant is a reversal pattern when it breaks, so, price might want to go get some suport, in this case, it could be :
- A fib level
- the longer term trendline (the green one)
- the 135.00 psychological level
Let's see what the market will do with my coins!!
Cheers everyone and trade safe!!!
LONDON: USD/JPY B&R - MOMENTUMLondon has lined up some interesting break and retest setups. Decided to go with UJ because we already have a trade depending on USD weakness, now we can try to capitalize on JPY strength as well. 'Break and Retest' setup right out the playbook is active using momentum based entry. Lets see how it plays out
USD/JPY - Long slow NY morningOANDA:USDJPY
I'm in a New York frame of mind.
Waited and waited, then triggered.
25 minutes for 15pip TP to get hit.
Broke below previous weeks high (not sure if that means anything, LOL).
Wanted the next round number below, but decided to set my TP to "my" round number of 15pips
Trade well
GBP JPY - To Test ResistanceWe saw GJ falling of the rising wedge. It continued the upward direction after the BOJ new governor "Un-Impressive speech" . I think GJ will test the resistance and fall back. JPY is currently fundamentally driven and like the Gold , it has not pivot the upcoming interest rate hikes. Interest rate differential is driving the JPY pairs. Any Murmuring on the interest rates can drive JPY crazy on Tuesday Ueda speaking. I will seek any short opportunity.
I will go by the technical which says sell from the resistances.
Do comment on the idea and odds.
Cheers