USD/JPY
broke above the downtrend line of the supposed triangle it had been forming
in the past
few weeks. I was expecting it would make one final movement to the downside
before the break out, but apparently I was wrong. I should have heeded those two
doji candlesticks in the weekly filter chart, they were a clear indication that
the pair was about to start climbing again. All is well when it ends well,
however, because I opened new long positions the moment I saw the break out. I
think the next target is around 124, perhaps 125, and depending on the
circumstances I might not close those positions before the pair reaches said
target.
Very nice tip I'll be watching USDJPY.
ReplyDeleteVery good movement. We shouls follow this pair
ReplyDeleteCongratulations for the nice entry.
ReplyDeletegreat analysis, thank you.
ReplyDeletegood resistance
ReplyDelete