1. Overbought
2. The deviation of EMA 9, 25, 75 are at the highest level
3. The news support
4. No big news release during the weekend
Sell
2. The deviation of EMA 9, 25, 75 are at the highest level
3. The news support
4. No big news release during the weekend
Sell
Trade active:
Sell at 114.05
Stop at 114.440 (really close S/L)
Limit at 108.79 (Change Manually Later)
Stop at 114.440 (really close S/L)
Limit at 108.79 (Change Manually Later)
Comment:
Combine with my last analysis for USDJPY
Trade closed: stop reached:
Unfortunately, stop reached and we need to change the mind to buy the major. Focus on the break out
Comment:
If the price stands above 114.50, the breaking out happens
Comment:
Wait for half day to see what will happen on this major, if the price stands steady above the 114.50, we need to buy.
Comment:
Reopen the position after the ends of the day.
Comment:
That is so great to see today's trend, definitely no break out at this moment. I have reopen the position at 114.145
Trade active:
Trade active above 113.795
Target to 112.192
Close at 114.730
Target to 112.192
Close at 114.730
Comment:
Change the target between 113.045 to 113.165, and get the profit first, and then after the correction for the 112.928 support, and we see the reversal signal, we could short the major again. It could happen today to break out 113.352 level support, and next support is 112.928. For decreasing the risk here, it is better to get the profits above 112.928 level and then wait for the next round.
Comment:
About 100 pips profit target.
Comment:
Attention! Attention! Attention!
Close today wherever the price is, cause the risk for this round of trading is getting higher. Not determinant selling power and real similar pattern for the last time break out. It could get close to the 112.975 level and reverse to the Bull.
Close today wherever the price is, cause the risk for this round of trading is getting higher. Not determinant selling power and real similar pattern for the last time break out. It could get close to the 112.975 level and reverse to the Bull.
Trade closed manually:
Have Closed last night for Pacific time zone at 113.438. So just wait saw the H1 and H4 pattern is not good, and also stochastic oscillator looks also not good enough for persisting in the major this time. Be aware for the next 2-3 days D1 graph.
Comment:
Its better to take profits at 113.213 level. For the current H1, it could reach it soon, and take profits, do not be greedy.
Trade closed: target reached