USDJPY: PLANS FOR NEXT WEEK

Traders:

This is a clear channel movement inside the big yellow channel where UJ has finished a 3 waves movement.

If there is another 2 waves left, I would prefer to anticipate it move like yellow ABCDE, which makes C-D-E as a bottom consolidation.

Obviously, UJ finished another small 3 waves in the last purple channel and now you can see a RSI DIV at the bottom.

This is a safe trip if you long UJ from 112 around to 112.6 for 60 pips.

This whole pic could be a CYPHER for UJ too, which I don't usually show in my chart as I believe channel strategic with fibo seems more predictable and effective to me.

Finally, here are the plans:

A. long trade
EN:112
SL:111.5
TP:112.6
R/R:1.2:1

If you want to hold it till CYPHER D, better wait a double test of 112.

B. short trade
EN:112.6
SL:113
TP:111.5
R/R:2.25:1

Less is more!

עסקה פעילה:

long trade
EN: 112

הערה:

הערה:

Descending channel broke and one green bar to confirm the bull turn over.

עסקה סגורה: היעד הושג:

to1

הערה:

even thought tgt1 achieved, there is no signals out and short trade in.
so we would just hold it for a while to see if wave 3 can make UJ higher.

הערה:

i decided to close the long trade at 112.64.


Waiting for other entry signals.

הערה:

so the 64 pips for the first short trade.

הערה:

typing mistake, 64 pips for the first long trade.

עסקה פעילה:

and plan b active at 112.68

הערה:

38 pips now.

העסקה בוטלה באופן ידני:

112 again.

הערה:

הערה:

getting close to the targest./

waiting for a second chance?

הערה:

עסקה סגורה: היעד הושג