USDJPY - BEARISH BUT WATCH YOUR DOWNTRENDLINES

We are maintaining a bearish position down to 105 right now, but if the market produces a bullish 123 (bullish candlestick with stochastics in the buy zone, we will reverse this position.Last week was pretty incredible for yen strength. Without BOJ intervention before 105.00 I am looking, once again, for the deeper C and then more selling. Caution is advised to watch what the banks do with the aggressive inner trendline. If they follow the downtrend line, we will be adding sub-abcds on short timeframes. If not, we are long

Tonight I am looking to buy a 123 with a stop reverse If the market breaks the aggressive downtrend line. So the general strategy on this is to hold your bearish position, but be aware of this trendline break because if they break this and form a crown, we are going north and would be well advised to take profit.. Thanks!

Trade geschlossen: Ziel wurde erreicht:

Pulling the scalp off. Looking for sells. will let you know when I am on. We are going to 105

Kommentar:

Going into the buy zone on this thing... sideways now but needs to break a little bit and I will buy.

Trade ist aktiv:

OK on one of them from one hour ago but we will probably get a pullback.. Good opportunity. Also running the basket. Go yens.

Trade ist aktiv:

Riding it north from 10876 60 pips and break even. Looking for 111.

Trade ist aktiv:

Hey guys... This is a blast from the past but I just added in a long on this....where the C down trendline is extending to the D. I am off the position from lower but running a couple of them above 110... Good trading.