Bearish Trend has just started with Yen. Strategy of JPY Pairs : Short then Long With UJ SL:105.244 And If things go as we plan then: SL:When short , SL below the orange; long, above TP : See chart.
Short Term , keep your eyes on 1.4788. If it keeps the prices above, then up, else down. Long Term , wait for 1.4449 and buy
Position Open :Short Reason: Technical Trade SL 47.1 TP 44.4
GBP is giving us a more clear idea where its going. Very simple trade if the triangle breaks :) Why long GBP ,reasons are in my related idea .
Low Risk High Reward. Trade is opened. SL and TP is Set. Going to sleep zzZZZzz...
Seems like ab=cd did not finish. But does not matter, because either way , what the chart tells me is to short NZD Keep you eyes on 0.720
Short Term: Short then Long (AB=CD) Long Term: Long then short (Bottom has been "confirmed" )
"BAT" Finished Target 1 (78.087) & 2 (75.93) is shown. Might close trade manually near the target . Short Position Has Been Opened at 78.156 SL : 78.310
Strong Resist/support near the yellow line JPY pairs are still in downtrend. What we see so far is strong pull back as Abe says some statements that will beneficial Japan.
1.For people who are holding their short positions are start taking profit out as the price has reaches Strong trend resistance. 2. It is not ok to long at this time as the Brexit is becoming the "past" and the UK central bank will more likely to take some action to make GBP stop falling . There are few reasons that I have in mind, but I think with the two...
Statement will be valid if the price keeps above the 1 st yellow line at 44.73 . If it breaks, 2nd yellow line will be another potential long entry . No limited Order set up yet , this trade will be done manually . Risk: My prediction will be wrong if there's another STRONG bearish bar that breaks my yellow line.
Classic bullish formation Buy low if silver does not break the orange box
Not going to talk about why so many investors are buying JPY as we all know what the global economy is doing . Yet, there is no way a price will keep failing unless there are some major events happen, something like Brexit or War.Thus , base on the time frame and technically analyze , the good buying opportunity is shown in the orange area . Note: If the price...
Sl 1.38662 Target see orange area
Simple Trade SL and TP are shown in chart
I have already opened my short at 0.7192 SL : 0.72578 First Target : 0.71457 Second : 0.70838
My short has been triggered. Just trying to update my idea today while I have time.