Attachments: USD/JPY Discussion

USD/JPY Discussion

#67,901
Aug 8, 2017 4:56am Aug 8, 2017 4:56am

babakeni
Joined Oct 2016 | Status: Trader | 98 Posts

Quoting NagaMas

Disliked

{quote} 110.520 is Weekly Central Pivot for this week.

Ignored

True. I'm looking at first weekly support 110.06 being tested today, and probably a small recovery, before the down trend continues.

#67,902
Aug 8, 2017 6:05am Aug 8, 2017 6:05am

dianajs
| Joined Dec 2015 | Status: Trader | 868 Posts

I thought that the rally would continue, but USD/JPY did move to the downside after all. I think next target is the last local low at 109.84.

#67,903
Aug 8, 2017 6:37am Aug 8, 2017 6:37am

NagaMas
Joined Jul 2017 | Status: Trader | 766 Posts

Quoting markofrose

Disliked

{quote} Do you thing its wise to close my order and do some buy? I still hold my selling order from yesterday. This is an interesting chart for sure. It looks like to change trend to bullish in high timeframe..

Ignored

I prefer to hold the selling until a clear bullish pattern appear at the support zone.

#67,904
Aug 8, 2017 6:38am Aug 8, 2017 6:38am

NovaFX
| Joined Sep 2016 | Status: Trader | 212 Posts

Finally, I've been waiting for this. I am buying hard with stops below the last low around 109.8

niemals aufgeben

#67,905
Aug 8, 2017 6:41am Aug 8, 2017 6:41am

NagaMas
Joined Jul 2017 | Status: Trader | 766 Posts

Quoting babakeni

Disliked

{quote} True. I'm looking at first weekly support 110.06 being tested today, and probably a small recovery, before the down trend continues.

Ignored

ok, slightly different with my terminal, WS1 109.990

#67,906
Aug 8, 2017 6:42am Aug 8, 2017 6:42am

ArslanHyder
Joined Jan 2016 | Status: Contrarian Trader | 846 Posts

Quoting KashifNawaz

Disliked

Can anyone help me please to get me out of here? I have trapped myself in worst hedging. {image}

Ignored

Like I said main trend is down.. watchout for your buys.. sells are safe

Markets are Irrational

#67,907
Aug 8, 2017 6:42am Aug 8, 2017 6:42am

monifa
| Joined Aug 2017 | Status: Trader | 4 Posts

Whao, great thanks alot. Patience is the key as you all rightfully said.

#67,908
Aug 8, 2017 6:44am Aug 8, 2017 6:44am

stars1985
| Joined Mar 2016 | Status: Trader | 92 Posts

Quoting NovaFX

Disliked

Finally, I've been waiting for this. I am buying hard with stops below the last low around 109.8

Ignored

I wait uj to go under 110.10 then buy with sl 109.65

I need the magic ball

#67,909
Aug 8, 2017 6:45am Aug 8, 2017 6:45am

NovaFX
| Joined Sep 2016 | Status: Trader | 212 Posts

Looking at the daily chart this to me is a clear buy in this area. Even if the lows don't hold, with tight stops the risk to reward ratio is ridiculous.

niemals aufgeben

#67,910
Aug 8, 2017 6:46am Aug 8, 2017 6:46am

monifa
| Joined Aug 2017 | Status: Trader | 4 Posts

Quoting stars1985

Disliked

{quote} hi Monifa not to be mean to you but you bether do some demo and research a strategy if you recently heard about forex

Ignored

No not at all you're being mean. Straight forward, to the point, no time to waste when it comes to trading.

#67,911
Aug 8, 2017 6:47am Aug 8, 2017 6:47am

stars1985
| Joined Mar 2016 | Status: Trader | 92 Posts

Quoting KashifNawaz

Disliked

Can anyone help me please to get me out of here? I have trapped myself in worst hedging. {image}

Ignored

dude you did get out of your hedge?

I need the magic ball

#67,912
Aug 8, 2017 7:06am Aug 8, 2017 7:06am

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

H1 support from Friday afternoon broke. Next is support from Friday morning:

Attached Image (click to enlarge)

Click to Enlarge

Name: UJ H1 SR.png
Size: 43 KB

#67,913
Edited 7:24am Aug 8, 2017 7:12am | Edited 7:24am

NovaFX
| Joined Sep 2016 | Status: Trader | 212 Posts

Along with the clear wedge on the daily, we also have a potential inverse H&S forming on the hourly

Edit: Would you refer to this as a wedge? Triangle? Range? Someone please correct my terminology if wrong

niemals aufgeben