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USD/JPY Discussion

  • #83,341
  • Oct 21, 2020 11:44pm Oct 21, 2020 11:44pm
Quoting markofrose
Still selling this since March
Congratulations.
I will tear the world apart for you.
  • #83,342
  • Oct 25, 2020 1:42pm Oct 25, 2020 1:42pm
If you are tracking the USDJPY this week, consider this technical perspective. On the daily time frame, a double inside-bar formation was printed between Wednesday and Friday last week, with the Wednesday bearish print an influencing candlestick. We may see a bearish continuation in the early part of this week. The 103.70 area is the immediate horizontal support on the daily time frame, but the 103.04 area is an extension and may be a target of bears. The 105.50 area is the prevailing horizontal resistance on the daily time frame.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #83,343
  • Oct 28, 2020 6:14am Oct 28, 2020 6:14am
Price is in a Bearish Channel, we will see long term bearish movements.
Be careful with your buys!
If price goes back to the upper line, it will be a good price for SELL.
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The trend lines you see on my charts, are created using Neural Networks
  • #83,344
  • Oct 28, 2020 6:20am Oct 28, 2020 6:20am
Hard times for trading with all Europe and US currencies.
  • #83,345
  • Oct 29, 2020 10:12am Oct 29, 2020 10:12am
I am seeing support around 104.03, however I still am bearish on the USD. It broke down below the symmetrical triangle pattern and I expect more stimulus after the election.
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If you're gonna be a bear, be a grizzly
  • #83,346
  • Nov 3, 2020 11:34am Nov 3, 2020 11:34am
USDJPY H1:
Trend line was broken, so it's a perfect moment for SELL with tight SL
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The trend lines you see on my charts, are created using Neural Networks
  • #83,347
  • Nov 3, 2020 12:12pm Nov 3, 2020 12:12pm
Quoting Sobrevals
USDJPY H1: Trend line was broken, so it's a perfect moment for SELL with tight SL {image}

Ummm Neural networks? What eez dis? Asking because your trend lines are... different.
Don't compare your trades to others. Most often the masses are the asses
  • #83,348
  • Nov 3, 2020 12:26pm Nov 3, 2020 12:26pm
Quoting OBsayMkMoney
{quote} Ummm Neural networks? What eez dis? Asking because your trend lines are... different.
Is that a question?
The trend lines you see on my charts, are created using Neural Networks
  • #83,349
  • Nov 4, 2020 8:59am Nov 4, 2020 8:59am
Quoting Sobrevals
{quote} Is that a question?
"Asking"... yes
Don't compare your trades to others. Most often the masses are the asses
  • #83,350
  • Nov 4, 2020 9:15am Nov 4, 2020 9:15am
This could be a short but it's a bit risky for the election. I'm not going to trade it.
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  • #83,351
  • Nov 4, 2020 10:51am Nov 4, 2020 10:51am
Quoting OBsayMkMoney
{quote} "Asking"... yes
What is your question exactly? You don't know what is a Neural Networks?

If so, google it or use search it on Youtube, they will give you better explanations than my ones.
The trend lines you see on my charts, are created using Neural Networks
  • #83,352
  • Nov 4, 2020 10:55am Nov 4, 2020 10:55am
Quoting Sobrevals
{quote} What is your question exactly? You don't know what is a Neural Networks? If so, google it or use search it on Youtube, they will give you better explanations than my ones.

I did just that and found myself more confused. Ok. thanks.
Don't compare your trades to others. Most often the masses are the asses
  • #83,353
  • Nov 5, 2020 9:16am Nov 5, 2020 9:16am
Do you guys dare to buy from this level, I mean it's pretty low.
  • #83,354
  • Nov 5, 2020 9:34am Nov 5, 2020 9:34am
Quoting markofrose
Do you guys dare to buy from this level, I mean it's pretty low.
Not me. The broader trend is down, and obviously we already know to expect an "average of 2% inflation over X amount of years" - no one knows how many years. There might be a short term trade to buy this pair and take a profit before it turns back down again. I would wait for RSI to be pretty far oversold before taking a short-term long position.

Just my opinion. I'm a dummy irl.
If you're gonna be a bear, be a grizzly
  • #83,355
  • Nov 5, 2020 9:49am Nov 5, 2020 9:49am
Quoting warrensapp
{quote} Not me. The broader trend is down, and obviously we already know to expect an "average of 2% inflation over X amount of years" - no one knows how many years. There might be a short term trade to buy this pair and take a profit before it turns back down again. I would wait for RSI to be pretty far oversold before taking a short-term long position. Just my opinion. I'm a dummy irl.
very good. thanks
  • #83,356
  • Nov 5, 2020 3:41pm Nov 5, 2020 3:41pm
Quoting panoramix
Yeah anything can happen, yet I'm pretty much guessing we're going down soon, somewhere to 100-101 {image}
103.5 now.
Still the same thing.
Perhaps just below 103 we could spawn a retrace to 104... but the target seems to be unavoidable, sooner or later.
  • #83,357
  • Nov 5, 2020 4:28pm Nov 5, 2020 4:28pm
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Price has broken below support on the 4-hour chart.

Currently oversold on the RSI. Waiting for a correction before entering a short position, barring any changes in the current market outlook.
If you're gonna be a bear, be a grizzly
  • #83,358
  • Nov 6, 2020 4:11am Nov 6, 2020 4:11am
Bounce coming ?

Attached Image
COT: The precious data ignored
  • #83,359
  • Nov 6, 2020 6:36am Nov 6, 2020 6:36am
Quoting kuroro001
Bounce coming ? {image}
I don't think it's the time yet. That bearish triangle pattern has been developing for months. my target is 101. I will consider buying at 100
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  • #83,360
  • Nov 6, 2020 12:37pm Nov 6, 2020 12:37pm
Quoting shahab8b
{quote} I don't think it's the time yet. That bearish triangle pattern has been developing for months. my target is 101. I will consider buying at 100 {image}
Deep target i wish you the best

i'll have to check the daily and weekly as h4 is overstretched (previous chart)
COT: The precious data ignored
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