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Usdjpyidea

USDJPY Daily Short! Overview: USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD. USDJPY is approaching clusters of Resistance and, technically, potential reversal is expected as sellers attempt control starting 118.226 price-range down to 114.201 for target. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
USDJPY, splendid trade closed in ProfitHello everyone and congratulations to those who yesterday closed this trade with TheCyclicalTrading in gain ! Many of you dumped your positions at 38.2%, you got the most out of this trade, congratulations; others have closed part of the lots on the support at 114.23 and the rest on the Stop profit, that's fine; all with different strategies, and all profitable if applied to the cyclic method , you are all really good, I am proud of you . :) What do we expect from the USDJPY now? This is graph W1 for a broader perspective: The five- year cycle has just begun , and a sell signal has entered just where we have this latest profit, but it's just a pullback on the weekly. We may see the price reach 125.50 by the end of 2022, with more short signals from which medium-term trades can emerge, but the big cycle commands and is bullish. However, we will continue to follow him in H4 with the semester and we will try to steal every single movement. For now we just observe and stand still , because there is no Long signal in any of the timeframes of our interest.
by The_Cyclical_Trading