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USD/JPY Discussion

  • #65,821
  • Apr 26, 2017 8:50am Apr 26, 2017 8:50am
Quoting FXClarity
The war Zone... Time for me to get involved with the CAD...Oil figures due soon {image}
Gonna be an inside candle for H4 until a direction can be ascertain
  • #65,822
  • Apr 26, 2017 8:57am Apr 26, 2017 8:57am
Off topic:

I'm trading a bigger play on CAD right now and eyeing UJ very closely for shorting..this afternoon was the first entry into a short.

Oil figures in a few mins so I'm off for now.

Wish you all well.

Added: 30 mins..
  • #65,823
  • Apr 26, 2017 8:59am Apr 26, 2017 8:59am
Quoting FXClarity
Off topic: I'm trading a bigger play on CAD right now and eyeing UJ very closely for shorting..this afternoon was the first entry into a short. Oil figures in a few mins so I'm off for now. Wish you all well.
Your UJ short to be is for H1 swing?
  • #65,824
  • Apr 26, 2017 9:05am Apr 26, 2017 9:05am
No mate, the H1 / 60 Mins is still in fine form.

This trade triggered off the 15 min (see chart) at a reaction level or touch point..that's why it moved so fast.

If you look at the chart you can see all the levels lined up yeah, rising trendlines and highs / low = a perfect storm
  • #65,825
  • Apr 26, 2017 9:07am Apr 26, 2017 9:07am
..Lots of levels = major liquidity = lots of orders in market that instituions are pumping through i.e. big money involded
  • #65,826
  • Apr 26, 2017 9:27am Apr 26, 2017 9:27am
Quoting FXClarity
The war Zone... Time for me to get involved with the CAD...Oil figures due soon {image}
Nice setup.. Thanks for chart explanation..
It's in fear when people show what they truly value.
  • #65,827
  • Apr 26, 2017 9:39am Apr 26, 2017 9:39am
Trump Tax cut will lift Dollar and next day BOJ will lift Yen..🤞🤞🤞
  • #65,828
  • Apr 26, 2017 9:43am Apr 26, 2017 9:43am
Quoting pohchuan
Trump Tax cut will lift Dollar and next day BOJ will lift Yen..🤞🤞🤞
So basically you are saying that usa will make the pair rise and next day boj will make the pair go down. It that correct???
  • #65,829
  • Apr 26, 2017 9:44am Apr 26, 2017 9:44am
Quoting NMZee
{quote} I can sell cad at cmp with a 25 pip Sl.
Although a purely TA based idea but in this instance would have worked fine.☺
  • #65,830
  • Apr 26, 2017 10:27am Apr 26, 2017 10:27am
On the monthly chart market is testing disrespected 0.382 fibonacci resistance level.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 106 KB
  • #65,831
  • Apr 26, 2017 11:33am Apr 26, 2017 11:33am
Quoting eryaran
On the monthly chart market is testing disrespected 0.382 fibonacci resistance level. {image}
don't understand well, can you explains more,,,,thanks.
  • #65,832
  • Apr 26, 2017 1:02pm Apr 26, 2017 1:02pm
some things seem to be going on .. same trendlone as this afternoon held for a third test maybe a fourth one is to much to ask
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB
Trade
  • #65,833
  • Apr 26, 2017 2:51pm Apr 26, 2017 2:51pm
Quoting dweb
{quote} UJ, H4 targets (reversals not included...) 1: 110.7xx; 2: 111.6xx; 3: 114.2xx; 4: 114.5xx; 5: 117.2xx; 6: 102.0xx
Targets 1 & 2 met...
We err, and err, and err again, but less.
  • #65,834
  • Apr 26, 2017 3:04pm Apr 26, 2017 3:04pm
Quoting dweb
{quote} Targets 1 & 2 met...
So target num 6 will come after 117.xx. Wouldnt that be a drop.
  • #65,835
  • Apr 26, 2017 8:08pm Apr 26, 2017 8:08pm
It seems unlikely BOJ will allow Usd/Jpy to have any sort of significant downside as the stops below represent a vaccuum that would suck price right back to 108.9X.

Expect more BOJ buying. Seems the word is if your not long, you're wrong. Thank the BOJ for the easiest trades. Straight up until atleast 113.5X.
  • #65,836
  • Apr 26, 2017 9:34pm Apr 26, 2017 9:34pm
Strong reversal on the hour and 5min brink of breakdown
  • #65,837
  • Apr 26, 2017 9:54pm Apr 26, 2017 9:54pm
Inside day, gotta be decisive otherwise bearish setup will be gone
  • #65,838
  • Apr 26, 2017 9:56pm Apr 26, 2017 9:56pm
Inserted Video


BoJ Remix, Bank of Japan is on your side (if you're long)!
  • #65,839
  • Apr 26, 2017 10:01pm Apr 26, 2017 10:01pm
Enjoy your remix, going for bfast and will return...
  • #65,840
  • Apr 26, 2017 10:33pm Apr 26, 2017 10:33pm
buy the dip @110
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