USDJPY Update: MAJOR Move Well Underway! +470 pips

FX:USDJPY   US-Dollar / Japanischer Yen
1556 7
Current Trade: SHORT Results: +475 pips and counting

Back on 4/25, I posted that I was projecting that prices were moving up to fill a POTENTIAL Cypher . Here is that post:
Prices didn't EXACTLY follow the path I laid out (the markets don't listen to me!) for it to get to that cypher but it did get there! And it got there rather explosively leaving behind a rare (in forex) breakaway gap that still as of now has not been filled in yet. And in forex especially, ALL gaps eventually get filled in.

When that cypher completed and I saw the SELL setup present itself, I issued a SELL call on 5/9 to my followers and we have been riding that gravy train all the way down to where it is now just about to....tada! .....FILL THE GAP! The combination of the completed cypher and that gap which I knew needed to be filled pulled prices like a magnet and proved to be an excellent SELL setup! To the tune currently that we are in profit over +470 pips so far! How are you doing? Did you catch it?

In any case, what I want to tell you though is that this drop down to fill the gap...is probably NOT the end of the overall move down and that there is MORE downside yet to go! I've given out the full analysis already explaining why I say that. PM me for more info.

In the meantime, here is the larger picture of what I think is possible but of course: I continuously analyze and re-analyze and make adjustments as I see fit. If you want updates, PM me.
Kommentar: Closed the trade and pocketed +430 pips. Will be looking to for another great trade soon! Just because I closed the trade does not mean that I am seeing any major reversal coming. Just exercising some caution as the FOMC is due in 2 days.

FREE Gold Report: http://bit.ly/2DWEPLGgoldsafereport
Mailing list: http://bit.ly/2iNieEY
Facebook Group: https://www.facebook.com/efxselect
Twitter: @andrewefxselect
Website: http://www.efxselect.com
Hello, is the trade still on?
i really wish that you create too much ideas in many diferent pairs :)
@pimfx, I cover 23 markets with charts and analysis and update them twice a day. PM if you want to know more.
Great idea as always!
EverythingForex PhilippeRitchot
this is awesome sir.
+1 Antworten
@samadiali, thanks
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden