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4xjunkie Nov 13, 2019 1:13am | Post# 82061

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109.00 seems to have some gravity lately. limited movement below and better above. the 2 possibilities i see are, make a move up towards the gap then back down for a retest, or hang out for a just above and consolidating for a while with a retest for a move higher. i would like to think that the hourly close above 109.00 has significance. time will tell.Click to Enlarge

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hellsbells Nov 13, 2019 5:16am | Post# 82062

109 broken. Oh well.... looks like I shouldve TP at the diagonal TL I had drawn, Strong resistance but I'm at work tonight and had to make a best decision, which to me was to give it a chance to break up. Glad I had the tight SL and locked a daily profit in.
As an extra thought , limits to TA include 4H hammer followed by good bull candle, only to be followed by bearish engulfing... You never know

Amir_Forex Nov 13, 2019 7:23am | Post# 82063

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Sebbour Nov 13, 2019 5:59pm | Post# 82064

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Hello Amir,

did you changed your TP or you are still aiming for TP1 and TP2?

hellsbells Nov 13, 2019 8:45pm | Post# 82065

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Have placed 6 trades, tp 4/6, 2/6 in play. Will it stop at daily pivot? will it stop at 109? watching closely, might TP 1/2 remaining trades at 108.88 ie pivot. AUS very Linked to JPY, and when AUS news was awful I thought UJ might make a comeback.


NB closed remaining trades just after the hour 108.805. Hour changeovers throw curve balls, was happy to TP. Think I'm done for the day, tired off night shift
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Amir_Forex Nov 14, 2019 1:23am | Post# 82066

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{quote} Hello Amir, did you changed your TP or you are still aiming for TP1 and TP2?


Hi Sebbour !

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Sebbour Nov 14, 2019 3:54am | Post# 82067

{quote} Hi Sebbour ! ............................................................................................ {image}
Thank you Amir

OBsayMkMoney Nov 14, 2019 11:39am | Post# 82068

BOHICA!

Amir_Forex Nov 14, 2019 11:56am | Post# 82069

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OBsayMkMoney Nov 14, 2019 3:38pm | Post# 82070

Wow.. almost like the US market never touched it. Back up to 108.4's.

Temujin Nov 14, 2019 5:17pm | Post# 82071

Wow.. almost like the US market never touched it. Back up to 108.4's.
No more rate cuts. Should strengthen.

Unbiased Nov 14, 2019 8:30pm | Post# 82072

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USD/JPY made Rising Wedge and Head & Shoulder patterns

Here is our sell trade setup on D1/daily time-frame based on the Rising Wedge pattern:
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Here is a sort of Head & Shoulder pattern on H4 time-frame:
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Risk: SL above right shoulder.

Fundamental: In this week, we're not expecting any conclusive positive news about US-China trade deal phase1, so bullish optimism will wane a bit. We are not expecting US retail sales to surprise either. Note that USD/JPY fell despite recent US data (CPI, core CPI, PPI and core PPI) were neutral/slightly positive (not surprisingly positive though). It shows market's reluctance to buy greenback this week.


markofrose Nov 17, 2019 6:49am | Post# 82073

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glad im not alone

OBsayMkMoney Nov 20, 2019 12:37pm | Post# 82074

Mic Check.. 1, 2. Check Check..

hellsbells Nov 20, 2019 2:31pm | Post# 82075

Mic Check.. 1, 2. Check Check..

Copy , 5/5.

Personally I'm thinking bullish but I tend to be contrarian

OBsayMkMoney Nov 20, 2019 4:09pm | Post# 82076

{quote} Copy , 5/5. Personally I'm thinking bullish but I tend to be contrarian

I tend to agree longterm. The Yen seems primed for another test of that high that pushed UJ down to 104.5 area though. December 15th looks good for it. Tarrifs n all.

Unbiased Nov 20, 2019 10:02pm | Post# 82077

USD/JPY made Rising Wedge and Head & Shoulder patterns Here is our sell trade setup on D1/daily time-frame based on the Rising Wedge pattern: {image} Here is a sort of Head & Shoulder pattern on H4 time-frame: {image} Risk: SL above right shoulder. Fundamental: In this week, we're not expecting any conclusive positive news about US-China trade deal phase1, so bullish optimism will wane a bit. We are not expecting US retail sales to surprise either. Note that USD/JPY fell despite recent US data (CPI, core CPI, PPI and core PPI) were neutral/slightly...
In last few days, many positive and negative tweets/news about US-China trade deal came out, which kept JPY from gaining. USD/JPY didn't fall with such a speed that is anticipated after breakout of wedge pattern, meanwhile swaps on the trade kept increasing. Therefore, I closed sell of USD/JPY at BE as this new tweet came out.

hellsbells Nov 21, 2019 8:05pm | Post# 82078

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Done all that any trader can. Placed trades and managed risk. Had 3 trades, have TP 2/3, using the profit from those 2 to cover SL for remaining trade. Nightshift tonight, time to sleep, set and forget. 108.6 was a battle.
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hellsbells Nov 22, 2019 2:35am | Post# 82079

Tightened my SL to 108.605 before leaving for work. Happy it's gone lower as having a tight SL and getting taken out by a couple of points before reversal is nasty. I'm not bothered by the end of week doldrums for UJ, just glad I managed an ok weekly profit.

TooSlow Nov 24, 2019 9:42pm | Post# 82080

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Fading...


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