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- mnaqvi replied Aug 30, 2017
Yeah I'm prepared for that. Exiting at 110.8 and entering short to catch either a retrace or another move down.
- mnaqvi replied Aug 30, 2017
USDX hit major weekly support and so did this pair. Short term target = 110.8 area Long term target = 114 area
- mnaqvi replied Aug 30, 2017
The signal for buying was price falling into a MAJOR level of support. Not everyone has to trade the same strategy as you to be successful right?
- mnaqvi replied Aug 29, 2017
Should get a solid move up from here. It looks like this move down was to clear stops.
- mnaqvi replied Aug 22, 2017
Oh shoot, my apologies then. Sometimes things get grossly misinterpreted over the internet haha. Deleted the post.
- mnaqvi replied Aug 22, 2017
Market is just absorbing sellers at every level, looking increasingly bullish with every candle. USDX also bounced off of key support. My bias is to 111 atm before even a chance of going down again.
- mnaqvi replied Aug 22, 2017
I'm not sure why everyone here is overwhelmingly holding a bearish bias, we just triple rejected a key weekly zone that price has been ranging off of for months. This could be going way up so I'd advise you wait and see what happens. In my books, if ...
- mnaqvi replied Aug 21, 2017
hourly/4H down trend line is breaking, looks like sellers have become exhausted at this level, look for more sellers around the 50-61.8 fib retrace zone of the big move down from 110.9. If sellers can't bring it back down, we're going back up to ...
- mnaqvi replied Aug 21, 2017
where are you getting this idea from?
- mnaqvi replied Aug 18, 2017
you could very well be right. Monday/Tuesday should give a good direction.
- mnaqvi replied Aug 18, 2017
Look at the bulls go...you gotta respect that buying power If they can close up here on the daily, we might have a very bullish USD/JPY next week.
- mnaqvi replied Aug 18, 2017
what we're seeing today could be one of three things: 1) a reversal on the daily back to 114 the top of the range 2) a short term range forming between 111 and 108.7 3) a legitimate down trend that will break the daily range I'm going to play it ...
- mnaqvi replied Aug 18, 2017
It's testing the daily broken trend line. image
- mnaqvi replied Aug 18, 2017
im scaling in a long position from here so it was very small risk. there is a high likelihood of a bounce from 108 area.
- mnaqvi replied Aug 18, 2017
yup, just added a long myself. very good odds at this entry.
- mnaqvi replied Aug 17, 2017
FOMC confusion could not form a bearish engulfing on the daily, USDX is in an upward trending channel on the 4H and has almost recovered all of yesterday's fall. H/S formation on the charts. North Korea situation defused. Good chance I was wrong ...
- mnaqvi replied Aug 17, 2017
USDX has almost regained all of yesterdays fall and is in an upward trending channel on the 4H. I'm shorting this area.
- mnaqvi replied Aug 16, 2017
And to think it didn't even touch .78 before going up like that....no wonder traders are so paranoid. If this isnt a pump and dump, I'll be looking to sell at .794 area
- mnaqvi replied Aug 15, 2017
It needs buying of USD against the yen, which won't happen without bullish sentiment in the medium term.
- mnaqvi replied Aug 15, 2017
Retracements of large moves are evidence of a usd bull trend?