USDJPY: Trend reversal?

27 ago 2016

USDJPY exhibits signs of a large scale trend reversal, to be initially confirmed after August's close, as long as the month ends with USDJPY trading above 102.611 on close.

We shouldn enter longs at market open, as described on the chart, risking a 1/3 of our maximum risk per trade, and adding if we get a dip to support with the same stop loss. This will keep the initial entry risk small.
After we have good progress, we can trail stops and add more to longs on further uptrend continuation setups that we might get along the way as USDJPY moves towards our targets.

Good luck!

Ivan Labrie.

ps: if interested in access to my trading signals service message me for a free trial.

30 ago 2016

Comentarios

Very good progress here, I'm inclined to move the stop to entry price here, to be conservative. It shouldn't really fall back below monthly support.

1 sept 2016

Operación cerrada manualmente

Out for now, we'll reenter if viable.

2 sept 2016

Comentarios

I got back in 10 pips below my exit.

2 sept 2016

Operación cerrada manualmente

I'm out, and flipped short.

2 sept 2016

Comentarios

I reccomend to short this and EURUSD, or short EURJPY. Use a 3x the daily ATR stop.

5 sept 2016

Comentarios

Shorts working well, long side was good while it lasted.

7 sept 2016

Operación cerrada manualmente

Covered short from 104.186, also covered EURJPY, CADJPY and flipped long USDJPY again.