Currency Pair: USD.JPY Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short
Live USD.JPY updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted direction be incorrect no trade opportunity will be generated.
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Again similar to the USD.CHF trading opportunity, price broke out at 1am which was outside my personal trading hours.
Hey Tom, I entered my USDJPY long @ 106.60 and would like your opinion, my Stop loss is @ 100.00.
Thanks
luckyhelper
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"The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated."
How can we know, when you take your prediction as valid?
djmanosv
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@luckyhelper, agree, its not easy to know when to enter the position.
Thanks