I haven’t finalized anything yet, but these moves look promising! I’ll observe this pair for a bit and open a trade before I go to bed.
If anyone’s trading this pair as well, please let me knoooow!
Hmmm. I might have to wait until the close of this current candle before I jump in.
Good luck to us! I’ll update again if I ever get the chance to open the position before I go to bed!
Time for me to go to bed! I’ve decided to get in on my short USDJPY trade.
Hoping I hit my TP this time.
Good luck. Shame you didn’t get in after the first red candle, but it looks a good setup.
I trade on both days, your on & off days. I’ll be online, either going through the forum or looking for entries or both.
That was neither a signal to enter nor I was saying that I’m in that trade. I said I’m looking for ways to short it. For me, the area marked A needs to be convincingly broken in the monthly. For that to happen , it needs to find **significant strength from the point marked B or area slightly higher **, else the EU is going to fall towards that rectangle or maybe even lower. You can use your technique to enter some decent shorts then.
Helloooo! So, I’m very happy to report that we hit our TP for this trade.
I wasn’t able to adjust it to the lower TP though, which would’ve won a bit more pips.
Still, I’m happy with this win!
OMG it seems like we’re never really online at the same time! I hope you had winning trades last week too!
Oooh. Okay! That makes sense. Thanks for clarifying Dream!
Helloooooo! I’m super happy that we were able to hit our TP with my USDJPY short from last week.
Although, like I said, it would’ve been better if I was able to adjust my TP as price was dropping, a win is still a win!
Hopefully, we get more winning trades this week! Good luuuuuuck.
Now I’m off to my charts to see if I can spot another good trade for the week!
USDJPY is definitely on the rise. At this point though, it might be a bit too late to get in.
The next high I’m seeing is at 144.833 and price is already pretty close to this.
This chart also reminds me about the missed opportunity for a better TP.
Is it likely that price would go up to around 145? I’m still torn about whether I should get in now or wait it out.
I’ve switched to my EURUSD while I’m trying to make a decision for my USDJPY. EURUSD seems to also be clearly bearish. I’m considering to get in on a quick short trade and put my TP at around 1.12577.
What do you guys think?
Hi @ria_rose,
Long time no talk with you … how are you doing ? looks like you are very enjoying USDJPY
For me, I opened a position as bellow
Reason is simple the support on H4 and breakout after on H1 chart. I don’t know your method to find trend and entry point. As I told before, I rely on price action / PA only.
Good to see things going well! If this was on the 5mins chart I’d be buyer but you have got double tops to contend with but it’s looking very bullish. Perhaps wait and see, the double tops might just be ignored?