USD falling beyond the Yen Crash!!Trade according to your account size (Proper risk management)
Short USDJPY after a correction occurs above the current support.
TP1-107.315
TP2-107.000
*Trade Risk free*
Yenbulls
USDJPY LONG - To Hit Top of Triangle - 110.00USDJPY appears to be in the midst of a trending market, with a series of higher lows and higher highs. USDJPY has just hit a key resistance level of 109.00 . This level of resistance was confirmed running from May 2019-July2019.
As we usually see in markets, we may see an S/R flip, where this resistance now becomes a new support. The market looks like it has made a break-and-retest of the level indicated by the blue arrows. There is a bullish pin bar candle forming on the daily timeframe, further confirming bullish momentum. Lastly, zooming out on this chart and possible switching to a higher timeframe, we can see a large-scale triangle formation, which we are approaching the top of.
My entry is @109.00 with SL just below the low of the daily pin bar @108.82 and my target is at the top of the triangle @110.00
GBPJPY - DAILY SELL SETUPGbpJpy - Daily. I see a good med-term sell on all JPY pairs for the next few months.
Gold Bulls should aim for $1300-Gold Analysis for 23.10.2017TVC:GOLD should trend higher in the coming sessions. As a safe haven just like Yen, there should be some synchrony with the Yen leading.
Read more here: forex.today
GBPJPY Short-07.09.2017After Today's ECB improved GDP forecast and optimism for broad based growth in individual countries, the Euro appreciated as much as 1% right after the announcement. So, this to me means dumping the USD and investing in Gold and Yen. it is for this that I'm bullish on the Japanese Yen and at the same time selling the GBP.
Trade should be as executed as follows for this currency pair:
Sell: 141.80
Stop Loss: 142.80-above today's highs
Take Profit: 139.80 for a 1:2 risk reward
