USD/JPY Discussion

stop at be+1 long continues .. 104.28 is my decision level

I guess you mean a price channel inicator... Here it is: http://www.belkhayatelab.com/en/belk...ty-center.html

Good week for the pair!

Left shoulder is almost formed.
Waiting for 103.4 to add more longs.

Mental backup in progress-Do Not Disturb!

sitting on fence till nfp

macd divergence breakout in uj,possible scenario during nfp

either way i am waiting for 103 / 102.80 to decide on anything

103.6 seems to has the power to hold the price. Good enought for left shoulder. Almost at bottom of the price channel @ h4. Adding long here.
SL 103.54

PS but if the price doesn't go over 104 totay - will look for long @103 level

Price channel is very promissing.

At last we must touch a middle line.

damn... sl hit while i wrote this... (((
103.4 was a good idea.

i have nothing to buy here, so i remained on the fence

I dunno it seems like it's either ready to break out or stay in range and drop back to like 102.

yuck my trailing sl killed such a good trade

Entered a short with a tight stop. Let's see what gives. Last bearish candle seems very telling, should be able to reach 102.70 at least imo.

Very nice shoulder formed. Taking long from 102.8

it was very tough to guess which direction the nfp will go

So did you make $14000 on this trade or something?

BRRYYYYYY I have long soo high , about 103,556. I didn't excpet it today. Like a fataly friday, start the wekedn ;/
What You think, it will come back about 103 ?

OF COURSE my TP is missed by a few pips and now my stop gets hit. Missed 500 bucks by a hair now lost 120. Such BS.

One more time. Short at 103.35 TP@102 and [email protected].

weekly 21 ema defines the trend next week

I have closed my long from 102.8 @ 103.4 because of missing double bottom @ 102.8.
The correction seems to be continued untill it reaches bottom support line. Will go long from there.


Also, we have a dip @103.9 with no double top too. If we reach 103.9 earlier than taking double botom @102.8 when it reaches bottom trendline, i will lock my positions and wait for 102.8 to arrive. If the pair still get up and broke 104.2 i`will close my longs after first sell signal @h4, even if we doesn`t reach 105.5 level, since uncovered dip will become a center of gravity and therefore will ignite a end of rise.

If 102.8 get covered by the double bottom, we points to the 107 level so far: 107.028 is my tp now. Shorts will start above. From 107 level we cover 96 easily which can be the end of the downtrend. From 111 level we only cover double bottom @99 and the end of downtrend will be there. Going down from 104 the market can take us to buy from the 93 level easily.

Look at the daily graph how the 75 level ends the last time:

So, we didn`t finished yet @the floor.

PS. As of the end of the week. we have 102.8 double bottom. The ride continues. There are a first minor downtrend line awaiting @107.5 to get a third point on it.
After that we will go to setup a new bottom. At least, we must make a double bottom @99 to confirm the end of downtrend or make a good fresh low (96 i mean).

Got potential to rebound or drop. Awaiting PA on this level.