Usd/Jpy bullish trend is still going strong, even though the pair is consolidating its gains for now. Next target is at 113.20 and I don't see any sign bulls giving up.
- #78,262
- Sep 25, 2018 7:26pm Sep 25, 2018 7:26pm
- Joined Dec 2013 | Status: Trader | 1,942 Posts
Learn, a forex trader must, unlearn and relearn he will.
- #78,264
- Sep 26, 2018 2:28am Sep 26, 2018 2:28am
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
the market moves in waves and we have 2 types of waves impulsive and corrective. a small easy example is to count it in this way:
impulsive wave and it can be in the style of 5,9,13,17 swings
corrective wave and it can be in the style of 3,7,11,15 swings
I tried to count how many waves USDJPY made so far from the last bottom in 1h chart and I can count 11 swings and if that the case that's mean we are in corrective wave and impulsive will happen to the downside. once 112.40 is broken it will confirm the 11 swings so far and impulsive to the down side will start.
so lets see what the market is hiding for us in these hours
impulsive wave and it can be in the style of 5,9,13,17 swings
corrective wave and it can be in the style of 3,7,11,15 swings
I tried to count how many waves USDJPY made so far from the last bottom in 1h chart and I can count 11 swings and if that the case that's mean we are in corrective wave and impulsive will happen to the downside. once 112.40 is broken it will confirm the 11 swings so far and impulsive to the down side will start.
so lets see what the market is hiding for us in these hours
- #78,266
- Sep 26, 2018 2:53pm Sep 26, 2018 2:53pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
Here i go again.
Sell - 112.743
Someone are buying?
.
Sell - 112.743
Someone are buying?
.
Together we can be strongest
Vantage Return This Month:
na
- #78,268
- Sep 26, 2018 3:27pm Sep 26, 2018 3:27pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} Im holding my shorts tightly too
Together we can be strongest
Vantage Return This Month:
na
- #78,269
- Sep 26, 2018 3:57pm Sep 26, 2018 3:57pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
Here i go again. Sell - 112.743 Someone are buying?
now the next challenge will be are we going to break the 111.40~111.60 range ? or it will bounce from there
- #78,270
- Edited 5:00pm Sep 26, 2018 4:42pm | Edited 5:00pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
look at the chart of JAPAN CURRENCY INDEX !
it finally made a breakout of the downtrend. and possibility for a double bottom
JPY will gain strength after this breakout which will lead a massive sell in all JPY pairs
so I advice everyone to short UJ EJ GJ CJ NJ AJ they all going down
it finally made a breakout of the downtrend. and possibility for a double bottom
JPY will gain strength after this breakout which will lead a massive sell in all JPY pairs
so I advice everyone to short UJ EJ GJ CJ NJ AJ they all going down
- #78,271
- Sep 26, 2018 4:47pm Sep 26, 2018 4:47pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} lets make a vote hehe now the next challenge will be are we going to break the 111.40~111.60 range ? or it will bounce from there
Together we can be strongest
Vantage Return This Month:
na
- #78,273
- Sep 26, 2018 8:16pm Sep 26, 2018 8:16pm
- Joined Jun 2009 | Status: Trader | 7,795 Posts
look at the chart of JAPAN CURRENCY INDEX ! it finally made a breakout of the downtrend. and possibility for a double bottom JPY will gain strength after this breakout which will lead a massive sell in all JPY pairs so I advice everyone to short UJ EJ GJ CJ NJ AJ they all going down
- #78,275
- Sep 26, 2018 9:11pm Sep 26, 2018 9:11pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
{quote} Now not can cross above 112.85.
Together we can be strongest
Vantage Return This Month:
na
- #78,278
- Sep 26, 2018 9:31pm Sep 26, 2018 9:31pm
- Joined Mar 2012 | Status: Trader | 14,314 Posts
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