USDJPY Long / Expecting a very, VERY, weak YEN!
We're waiting to go long on USDJPY, yeap! We are expecting a weak, weak YEN!
We are already in a solid profit on XAUUSD long, idea attached to this post. But, lets now focus only on the USDJPY forex pair.
The view is the 4H chart, we have RSI coming in the over sold zone with price strongly heading to the 38.2% fib retracement and its all connected with a trendline, and once that trendline breaks we expect strong bulls to come.
The best entry price, if this long trade idea works out, is the 38.2% to the 30% zone.
We have 3 sets of take profits, and we might bail at either one of them, depending on what we see on the charts while we do MTFA (multiple time frame analysis)
The 38.2% and 30% fib zone lines up with a pretty important support zone!
Are you trading UJ? Let us know what you think!
We are already in a solid profit on XAUUSD long, idea attached to this post. But, lets now focus only on the USDJPY forex pair.
The view is the 4H chart, we have RSI coming in the over sold zone with price strongly heading to the 38.2% fib retracement and its all connected with a trendline, and once that trendline breaks we expect strong bulls to come.
The best entry price, if this long trade idea works out, is the 38.2% to the 30% zone.
We have 3 sets of take profits, and we might bail at either one of them, depending on what we see on the charts while we do MTFA (multiple time frame analysis)
The 38.2% and 30% fib zone lines up with a pretty important support zone!
Are you trading UJ? Let us know what you think!
Comment:
Ok we are in, pending order just filled!
