USDJPY Deep fall

Güncellendi
USDJPY is ready for a deep fall as volumes are declining and price is rising parabolic to a standstill. Good R:R of 1:10
İşlem aktif
Clearly need to babysit this trade because of the USD pumping done by CB
Not
So artificial, no risk management is showing it's importance. But don't let this deal go, if you are stopped out or still holding you will soon be rewarded imo
Not
R:R is 10 but honestly I think it may go down all the way to 102 in the next 6 weeks. Scalp it for maximum profits!
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Let's wait for LH to confirm before we go in again
İşlem aktif
Long wicks, there she comes. USDCHF and USDCAD went ahead already. Go UJ!
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Let's try this again from new heights. Similar signals moreover. Volumes declining while price rallies in a curve signalling selling pressure to overpower buying pressure.
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Two days further, turning our day trade into an intra day trade, it has become profitable. If our expectations are correct we will maintain or R:R because on the chart above it now looks like a poor 1:2
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Let's hold it longer with as goal at least a 1:10. The final duration of the trade will be of valuable input to us for further trading of this USD devaluation season.
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The fall has started now that USD and CAD are in sync and bot in a downtrend. It's just that the JPY is holding up the other two.
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As usual I was too much of an optimist and and timely instant buying surges with no recorded volumes are blocking exactly when cycles are in favour of GU, EU, AU & NU to rally.
İşlem aktif
Another positioning activity by the market has put all currencies into the correct position for this move. I sell UJ again.
İşlem aktif
Almost a full month further down, let's try again.
DROPMoving AveragesRRTrend LinesUSDJPYusdjpyshortVolume

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