USDJPY: Confirmed breakout on the 4H timeframe Long

U.S. Dollar/Japanese YenFXCM

Beschreibung

⋅ 27. Jan. 2017 02:50

Hi traders,

On the USDJPY we can see that price has broken the black trendline. The red line is my expected price movement. Looking to enter a bit below the current market price.
Targets: 116.300 and 117.400
Stop would go at 113.750 area.

Cheers

Kommentare

MarwanALjaadi

⋅ 28. Jan. 2017 00:59

Most JPY pairs had made bearish harmonic patterns ,,, Be careful

11021992

⋅ 28. Jan. 2017 11:47

@MarwanALjaadi, Yeah I'm in on that too :P

krzysztofszlasa

⋅ 29. Jan. 2017 17:56

THis bat pattern can yield Target 32 ,50 62 100% CD and also broken downtrendline as mentioned above

11021992

⋅ 30. Jan. 2017 13:33

@krzysztofszlasa, Yeah I agree, but I dont like dynamic targets (i.e. trendlines)

MarwanALjaadi

⋅ 7. Febr. 2017 04:00

@11021992, I hope you sold jpy pairs

YousefM

⋅ 27. Jan. 2017 23:04

Hey, good idea, I'll be waiting for the retest..

krzysztofszlasa

⋅ 27. Jan. 2017 19:40

at around 115,66 next pending order like buy stop?
Your double bottom looks interesting

11021992

⋅ 27. Jan. 2017 19:47

@krzysztofszlasa, I'd suggest only entering at the retest.

krzysztofszlasa

⋅ 27. Jan. 2017 19:22

interesting line
maybe time for second retest of the downward slope trendline

piptamil

⋅ 27. Jan. 2017 06:23

Perfect trade so far.. Many thanks :))

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