Kurenai
Short

USDJPY Short Opportunity after hitting price point Fundamentals

FX:USDJPY   US-Dollar / Japanischer Yen
68 1 8
*DISCLAIMER* This is not trading directions or direct advice but an observation.

Given strong first week of the Trump administration, we see their challenges incoming as well as a strong market has response.
Many price points were hit over the weekend, most of the trend lines show "if broken" a downward retracement hitting support before moving back up. Overall forecast was Bullish but a Bearish wind comes after confidence hit, some people predict a fall back to the yen.

***Remember Bullish or Bearish movement depends on market price factors not pure speculation or pure news reaction. A prediction is easier to make after hitting certain planned price points. And price points have been reached during London Open for Jan 30th.***

Entry Point 114.7-9
SL: 115.0 ~ 10-15 pips
TP 114.2 ~ 60 pips ; you can be more aggressive and go for the 113.9 point.

3-4x ratio
Trade geschlossen: Ziel wurde erreicht: Target was reached. Actually 113.9 aggressive point was valid...

It also broke the 113.9 support zone.
Breaking into the next support zone at 112.5.

Before getting to 112.5, we see new support at 113.15.

Many people rode the wave from 113.5 to 113.9 back and forth a few times before Jan 31st NY session open. It is now at 113.35

Usually non-fiscal policy news does not have a direct lasting impact on market prices but this time the immigration ban does seem to have quite negative impacts on many major corporate players. Particularly tech sectors, and long-term productivity related investors. Real players leaving the market because of business difficulties in the USA would cause a lasting market swing. Which can assist in the explanation of the dollar staying low and not rebounding.

Good luck everyone and thank you for reading this. I hope to continue to learn.
Good idea mate. Thanks. Heavy volumes are little bit lower and oculd hold it!
Antworten
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 Devisen-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