i would say buy at this level with small lot, and ready to buy more if this pair reach 91.30 with twice the previous lot, and ready to buy more at 90.00 with 4 time size of initial lot.
nice to ride this wave from 92.00, and allready close with 84 pips of profit. i dont know at what level will this up trend will be at max. but i think will be reach 93.00 soon.
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Joined Aug 2008
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Status: Blueprint Liquidity Investments
|185 Posts
Still currently Long on the USD/JPY from 92.53, currently up around 60 pips. Since Yesterday price has continued to show Bullish action, as the market pushed up some. I have now reduced my initial risk on this investment by 92.63%. I will continue to look for more opportunities to reduce risk or possibly lock in profit. I will be looking to take my 1st profits out @ the Daily Swing High @ 94.75.
Joined Nov 2009
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Status: Thx G, Malc, D55, Fontu & Hatch
|3,196 Posts
Might be a nice spot for a long here at the dp...I'll be going long @ 93.17. 50 pip stop, 30 pip 1st target 2nd target will be 93.90ish. We finally got a little pullback so I'm gonna give it a shot..this pair has been good to me these last couple of days.
Might be a nice spot for a long here at the dp...I'll be going long @ 93.17. 50 pip stop, 30 pip 1st target 2nd target will be 93.90ish. We finally got a little pullback so I'm gonna give it a shot..this pair has been good to me these last couple of days.
Ignored
If it`ll get to 93.90 it would be awesome ! (-9 now :-S )
The USD/JPY appears to be ending a period of consolidation as the pair
formed a bullish flag pattern on the daily chart.
The daily chart shows a sharp price appreciation in the pair beginning
on March 24th and continued on to set the yearly high for the pair at a
price of 94.78. Following this sharp price jump of 432 pips, the pair
formed a price channel with a negative slope as shown in the chart
below. The Forex Technical Analysis shows this pattern to be a bullish
flag.
To trade the pattern, traders may want to wait for a confirmation of the
breakout. An entry long on the USD/JPY at 10% above the flagpole at the
price of 95.21 (432*0.1 = 43) should provide enough clarity. This would
also allow the price to breach the resistance line at the price of 95.
A stop of 25% of the flagpole can be set at 93.70 (432*0.25). This would
make for a risk of 108 pips and help contain the risk of the trade.
The first take profit level would be the amount at risk, or 108 pips, at
a price level of 96.29.
A second take profit level would be the full length of the flagpole of
432 pips at a price of 99.53.
not on my platform, what platform you use?
why is this forum is so quite, is there no one trade USD/JPY. today USD/JPY still tend to go up. no bounce i see. is it allready a bullish trend allready?
