Technically Speaking Yen is in bearish as the trend has been changed. We will have a pull back , however, I am not recommend any of you to short it unless you see the price stays below the green area. See related idea for more.
Next week prediction : See chart Strategy : Short Then Long. (You might long to $80 then short, but the risk is higher) SL:15-20 pips above/below the color area. TP: color area. Even Yen is at bearish , there are always pull back . The 20% is the price will back to nearly $76. Wether you believe or not , just keep that in your mind. Good Luck .
Sell at the downtrend line resist . If you want to against the trend or have some quick trades, long at support of the downtrend line. Otherwise, long at orange area.
See chart. Be careful with the break out (orange area), but I think the chance to very low.
See related ideas for more details. This chart just an update .
Next Week's Trend EUR : Down USD: Up Point D will have a little pull back. Orange Area is a good place to buy with lower risks.If it breaks, entry price to long would be at the yellow line
ST AND TP are shown in the chart. 4 simple reasons to open my trade: 1.Bat 2.down trend will reserve at that point 3.No new low and high 4.low risk high reward
See chart and my related ideas SL is shown. TP : See arrow . (Point in exact price) Target 3 will be reach if the US reports are doing poorly .
WHY? USD= Investors are worrying the "Interest rate" problem EUR= You know what's up after Brexit in Europe Strategy: Great for scalping, but not interested in trading this type of trend as profit is limited . Opinion: I will not trade EU until next Monday. So here is the chart, good luck.....
Possible great entry point for now. See related ideas why Long GBP
Trend has been changed. It's ok to short for a pull back. But with limited profit and rooms, ask yourself why do you want to against the trend... Technically speaking, RSI (Daily Chart) has now back to 50 . And the Long Pin bars are the very good indication. Economically , watch what President Abe said and how it did impact the Yen. SL 15-20 pips below/above...
See related ideas. Not going to talk much here. Strategy : buy when the downtrend line breaks SL orange area 15-20 pips below .
Buy Low Sell High :) No reason to short it now unless the price stay below 0.7565
Trade Reason: BAT Formation Complete SL 15-20 pips above Orange Area TP See arrow If SL is hit. Price will go toward near 0.7845