usdjpy end of week two-trendy setup

5 oct 2016

USDJPY is notorious for running up, but it looks like it is starting to get tired. I am looking for a break of the steeper trend line, for a pullback to the lower trend line. The two-trendy system as I learned it from rob booker is a simple break in one trend line and a pullback to the current trend, which for usdjpy seems to be up. So, short it on break of the trend line, close trades and buy for continuation of the trend.

7 oct 2016

Nota

sideways movement usually spells doom for a pullback, and NFP is half an hour away. this is a dangerous trade so be careful if you enter.