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USD/JPY Discussion

closed. took a hit as I only TP 1 trade early
Quoting hellsbells
closed. took a hit as I only TP 1 trade early

The market makers must of read you're post.
Learn, a forex trader must, unlearn and relearn he will.
Quoting COGSx86
{quote} The market makers must of read you're post.

Looking like a 1 hour hammer / 3 candle reversal now. Who knows..
Quoting PayTheLimit
and I'm going the other way, short at 112.49, risk 112.64...good luck gonna play some long ball on these, try for 111.10.... good support noted at 111.80/112...but I'm gonna make believe its not there.... anyway, saw a long shot, so I took it....have a good weekend all...PTL

that cost me...anyway, looking strong right now, on the sidelines, looking for something again...
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Look Sharp/Trade Tight
Quoting PayTheLimit
{quote} that cost me...anyway, looking strong right now, on the sidelines, looking for something again... {image}
Yeah, it hurt me as well. Was looking for a continuation and just watching now ... no idea what they want with that thing now.
Fix up, trade sharp ...
on daily graet movement...TP1 reached......
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Last h4 is almost a bearish pinbar.
Anyone have any idea where is this going
Quoting Forexnewbe14
Last h4 is almost a bearish pinbar. Anyone have any idea where is this going
For me UsdJpy is BULL.....next Tps .90 and 113.... all forces are green
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I see cup and handle on UJ and possible to fly between 113.20 to 114
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Decided I should give up shorts and try and actually make money with the trend. However 15min 3 candle reversal led me to short. Looking to get trades BE ASAP, that's all I care about. I tend to find there's a reversal around Japan open, I missed it yesterday even though I said "oh look a 3 candle reversal on hour with hammer" .
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stopped out BE . dam bugger dam
unless we're going for another hour hammer like yesterday, rejection of 112.775 by the end of the hour could be a great bear sign ( although also another 15min 3 candle reversal at this stage) hmm.
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well we have a break down but support approaching. I'm going to TP 2 of 4 and leave others BE
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- Today, may be we test the support of 100-day MA in S&P500 on weekly chart.
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At this rate, uj pair might be hitting 111.80 soon...
coming up on some support, keeping an eye on it is all...
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Look Sharp/Trade Tight
To my eyes, it is still making higher highs and lower lows, but they are not exactly convincing - but it is still forming a bullish structure.

Bearish rejection at 112.10?

Time will tell.
Quoting PayTheLimit
coming up on some support, keeping an eye on it is all... {image}
I think we should see 112.90 to 113.40 again before big drop
I'm looking for price to break 112.46 to the upside for this bullish formation to continue.

Otherwise I'm looking for short trades below 111.96.
Houston, we have lift off!
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Learn, a forex trader must, unlearn and relearn he will.
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