USDJPY : Long positions - Ratio ( 1:1.82 )USDJPY : Long positions - Ratio ( 1:1.82 )
BUY : 104.60
STOP : 103.50
AIM 1 : 105.80
AIM 2 : 106.60
Usdjyp
USDJPY - Analysis (D1, W1, & 1MO Trendines) - Validation ZoneHi guys, I have a short on the analysis for USDJPY and also a possible high push towards a higher zone.
Currently, you can see I have that "Validation Zone" with an arrow down / the gray color like area. Make sure to use various confirmations like last kiss trades or just where it pivots bellow trend line, that is why I used the monthly, daily and weekly trend lines to draw that zone.
Happy trading and eat what the market gives you based on the validation zones :)
Last Week USD/JPY --> Total: 121 pips, did not get out break down.. but still its just chilling waiting. That is why I went to drawing board to find the validation area / zone.
USD/JPY Coiled springSeen these coil spring set ups before and like a compressed coil spring they tend to violently break out. You can aggressively set orders/stops to catch the breakout should it occur. Looking on the daily you can easily argue it's a wedge pattern and so with the trend would break to the upside.
