USDJPY bearish signs

Feb 8

USDJPY might start the solid downtrend. Gradually falling down with falling wedge pattern breakdown. But dont get fooled and short immediately. It will give one healthy bounce too for the 0.23 fib levels as RSI also suggesting bit of oversold zone here, if it has to fall it will give one technical bounce. We have to observe it there closely if it rejects there or sustains above it. But as per my analysis slowly now trend is becoming bearish as per the weekly & daily chart analysis. As there is double top rejection is visible too in the chart.

Feb 9

Note

Monday tuesday basically whole next week keep looking for these prices. follow these trades with strict SL
Long Entry only at 151.320. SL 150.832 (0.32%). TP 152.40 152.87 153 154 154.3
Short Entry Only at 154.313 SL 154.59 (0.18%). TP Reverse the above.

Feb 10

Note

Live trade. Entry at current levels.

Feb 10

Note

Going good so far

Feb 11

Note

If it dont sustain above 152. ready for further fall. I am still in the trade holding.

Feb 11

Note

Long trade

Feb 12

Note

Target

Feb 12

Trade active

Another scalp trade.

Feb 12

Note

SL hit in CPI volatility. but i entered again. and boom..

Feb 13

Note

Ready for fall now.

Feb 13

Note

Cancel the above trade. new trade below.

Feb 19

Note

Long term view as shared in the chart

Feb 19

Note

Follow the SL. Dont fight.

Feb 19

Note

Trail SL now to minor risk and just hold. Going good.

Feb 20

Note

Above trade going good. 2 SLs covered.

Feb 20

Note

Almost target about to hit.

Feb 22

Note

Going as per the predicted price action. wait for one bounce now. We can short again.

Feb 22

Note

Better shorting level will be 150 now. just wait for it. will update.

Mar 4

Note

Consider good shorting level from 149.23 Small SL of 0.33% Target 3-5%. Target it big. Will short with small qty. Ones it goes as per my analysis i will keep adding qty in every bounces.

6 days ago

Trade closed: target reached

Going as per expectations.