USDJPY long idea Gap Fill: UJ support zones of Interest

22 thg 5, 2019

This is an update to my ongoing UJ analysis linked below.
As we know Yen pairs are risk sensitive, so watch the news.
Overall velocity and momentum favor continued uptrend.

HOWEVER, the entire bounce looks corrective in general.
So this plan is really just to try grab the LAST FEW PIPS.
The last few pips are often the most EXPENSIVE to catch.

Of course a single Trump Tweet could destroy any plan.
If sure of sentiment, then a loose SL to allow some room.
If unsure of sentiment (me), then super tight SL's are best.

110.309/318 is current support that has been breached.
110.097/107 would be the perfect bullish bounce zone.
109.959/962 would need to see a very strong bounce.

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See some of my Previous Plans:

Recent Bottom Call (perfect Short into Long)

Recent Top Call (exact Top shorted)

Perfect Long Call (instant profit)

Single Fib Long (gorgeous Fib action)

23 thg 5, 2019

Ghi chú

Here we are, moment of truth. Watching closely

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23 thg 5, 2019

Ghi chú

Now thats more like it !

Zoomed in, a prefect bounce. But immediately the 4.618 is making its presence known :(

23 thg 5, 2019

Ghi chú

Oops, the Zoom shot

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23 thg 5, 2019

Ghi chú

So we fell couple more to the "Risky but Juicy" ledge and got a nice ping but subsequently drilled through it. Risk sentiment is quite bad, stock indicies are diving, gold is flying, so ofc UJ is dropping... best to wait until the storm blows over and see what is left in the rubble for clues ..

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23 thg 5, 2019

Ghi chú

Here we are, at Bulls Last Stand really otta see a bounce here ...

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23 thg 5, 2019

Ghi chú

Got a nice Ping and wee bit of a bounce.. (cups hands and blows into the coals)

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