USDJPY Short Idea
Mar 25, 2020 at 06:01
Vistas 673
5 Replies
Miembro desde Nov 06, 2018
posts 83
Mar 25, 2020 at 06:01
(editado Mar 24, 2020 at 17:21)
Lots of USD pairs are at questionable highs. With the market acting crazy, could we see the Dollar to crash, in my opinion I reckon it is due to - but it’s only a matter of time. With the Fed injecting ‘unlimited’ amounts of money into the market, this can only end back sooner rather than later.
Here I have marked up USDJPY. You can see that price is respecting trend quite well, and price is making it’s way back up to a supply area where price previously crashed around 1000 pips - could we see this happen again?
I’ll be looking to sell around the 112.0 area depending on price action.
Let’s wait and see. Good look and risk accordingly if you decide to enter.
Here I have marked up USDJPY. You can see that price is respecting trend quite well, and price is making it’s way back up to a supply area where price previously crashed around 1000 pips - could we see this happen again?
I’ll be looking to sell around the 112.0 area depending on price action.
Let’s wait and see. Good look and risk accordingly if you decide to enter.
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Miembro desde Feb 16, 2019
posts 30
Mar 25, 2020 at 16:17
I think youre right pete
Miembro desde Nov 09, 2018
posts 212
Apr 22, 2020 at 13:47
The market moves in a narrow channel. The triangle formation on USD/JPY is completed and I expect the further impulse.
Buy signal area is 108.0-10(MA250 4H) with a target at 108.65(MA150 4H).
The 107.60 (MA150 4H) support is now affecting the price and in case of breaking down, the next level will be 107.30.
The triangle will be breached after breaking through 107.00 level with targets at 106.50 and 105.25.
Buy signal area is 108.0-10(MA250 4H) with a target at 108.65(MA150 4H).
The 107.60 (MA150 4H) support is now affecting the price and in case of breaking down, the next level will be 107.30.
The triangle will be breached after breaking through 107.00 level with targets at 106.50 and 105.25.
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