Like I said… LOTS OF SIGNALS!!! I think there are a couple of cool trends. Seems like we are seeing a lot of bullish signals for the for the pairs against the JPY to go up, so I’m inclined to go with one of the JPY pairs.
Overall trend is up, although there has been some slight bearish momentum as of late
Good sized PA signal with a strong bullish close!
Formed at a good support level
FTA is ~100 pips away. I have marked it in red
Cons
Against some bearish momentum, although if you look at my charts and analysis above, you will see this has been a pattern for the JPY pairs, overall strong trend up, but as of late some bearish momentum
Big bearish candle before the pin bar
I can’t believe I missed this one. I think this is the best one since it has lots of room to move. I was originally going to take the EUR/JPY, but I think this one will be the better trade since it doesn’t trade into a VBRN and it has more room to move.
From the Jpy pairs I will open UsdJpy because we have 3 Big room to trade,far away FRA and nice 600 pips Profit target.
On SGT we have 20 pips FRA; On Eur the price is choppy; GBP have a box before; CHF is choppy before.I wonder about CAD…CadChf will be other position that I will open mondey.I can’t miss so many tests on support level with that strong BUEB.
In this case I will split the risk between UsdJpy and CadChf.
Also liking this setup a lot out of the ones currently showing up on the charts.
I had my support line abit lower at 96.00 but looking closely i also noticed price closed above 97.00 aswell (it did went through but ended up above).
Gives me another reason to like this trade.
I agree with the rest of your points.
Put mine on paper before reading the last few pages of this thread to see if they would line up and it seems they do
As some others said good job on posting the rest of the charts up and taking the time to analyze them
Remitu
Ps. My support line which i had on the chart for several days now:
I like to USDJPY pair as well but am hesitant to take it due to the recent downward bias. I am probably going to take a half size trade on it as well as a half size on another JPY pair, potentially the EURJPY which seems to have less downward pressure but less room to move up.
I’m long on usdjpy and cadjpy based on the nice daily chart setups showing. Lots of potential pips, but i am concerned about exposure to a clear downward trend across the 4hr charts. Good luck everyone.
Good job if you have had this level marked for a few days. See this way you have waited for the trade to ‘come to you’ rather than the other way around. Makes sense?
I always find when we have levels marked and price pulls back to these levels we have a far greater chance of a winning trade. Of course that is no guarantee here, but I like your approach.
I am now making a video which hopefully you all will enjoy. I will post in here tonight before market open about trade I wanna tak tomorrow if market opens up nice for us!
I don’t wan’t to change anyone’s mind about the EURJPY because if they have made up their mind about it they should definitely take the trade! But the one difference with the EURJPY and the USDJPY is the EURJPY has a big box of traffic sitting just overhead that the price is going to have to bust through. I am not saying it can’t be done but it is a bigger ask than moving through space is all.
Ps. Great to see your thoughts about EURJPY are the same as my own regarding the traffic overhead.
Always good (for me at least) to have confirmation that i’m on the right track!
