USDJPY... run through 124.30 coming soon

The Baptist

Established member
715 45
Hi,

My Take on USDJPY = Continuation highly likely 125 cleared..

See the Fibo levels.

Enjoy the chart.
 

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Wirzex

Junior member
11 0
Nice analysis! Basically, I came to the same conclusion. However.. I don't know when will be breakout.
 

The Baptist

Established member
715 45
Nice analysis! Basically, I came to the same conclusion. However.. I don't know when will be breakout.


Yes many range trading oppo's to tease us first.. place a buy stop above the RH3 is my best method... let the market take you in when ready.. good luck
 

Forexmospherian

Legendary member
39,928 3,301
Yes many range trading oppo's to tease us first.. place a buy stop above the RH3 is my best method... let the market take you in when ready.. good luck


Hi guys

You two must be really long term or positional type traders as you targets could be anything from 3 weeks to 3 months plus away and thats if they happen ?

Love to know what size stops you look at playing with along with stake sizes and how much monitoring etc you plan to be taking etc.

On Friday we were down at 117 30 and for me under 118 15 and 117 75 it was intraday selling and although I have no problem buying it - I would need to see resistant areas broken at 119 and 120 00 to even think the pair really wanted to start turning up to 122 and 124 etc etc.

I wish you well and if does goes to plan - what type of RR's are you looking at and over what time span etc ???

Good Trading

Regards


F
 

The Baptist

Established member
715 45
Better to be taken in on the buy stop at 118.86 RH3, when the market breaks out, Then I would expect 3- 4 weeks as it is a break out.. can take a bit longer, often quicker.

getting in before is better entry but higher outcome risk, also emotional.
 

The Baptist

Established member
715 45
Shrugging off more dull data all about NonFarmFriday

Update.. NonFarm will prove Key on Friday
 

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The Baptist

Established member
715 45
Nikkei for Yen

This is the Nikkei already in Break out for me..:D
 

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The Baptist

Established member
715 45
Hammer Time

Ke levels 117/117.25 & 117.50 , 117.75
 

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The Baptist

Established member
715 45
Breakout on NonFarm as anticipated 1st tall just post 120

Breakout on NonFarm as anticipated 1st stall just post 120.
 

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The Baptist

Established member
715 45
NonFarm Break Trigger

NonFarm Break Trigger... 120 to be likely pause and churn area.
 

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