USD/JPY - New wave incomming

FX:USDJPY   美元 / 日圓
65 0
Hey everyone,

This is my idea on the USD/JPY on the H4 time frame. We can see that after an extensive downtrend the last 3 days from the previous week were devoted to a retracement. The level from which the pair bounced a few times, before breaking it, at around 110.65 proved to be a good support, which now turned resistance after broken. Also this level is a previous bottom to the downtrend. On Friday last week the correction wave reached that level, but failed to break it and instead the market close with 8 hours of down movement. I believe that this is a start of a new wave down, which I expect to reach the Daily support area (marked with green) at around 108.30, either this week or next. So I will be looking to Sell the pair on the lower time frames - mainly M30 or M15. I will also look for opportunities on the H4. A very important thing I want to say to everyone thinking of trading the pair, is to watch at the previous bottom where the down movement stopped at a price around 109.15. This is a level that may stop the new down wave, so keep it in mind, and I would suggest you to close some percentage of your trades on that level, if you see the price consolidating. If the level is easily broken, you can leave your whole position/s/ open until the 108.30 level.

Sell zone: 110.65 to 108.30
Possible stop area: Around 109.15

If you have any questions, do not hesitate to contact me at: contact@dmtrading. bg
Also if you want to learn more about our company, the way we trade or anything new you can visit our blog:

I am currently monitoring a few other pairs and I will post possible ideas and scenarios later this week if I see any opportunities. I will also try to post Live Signals on our Twitter page.
Remember that Forex is about patience - wait for your moment and take home the profits.

I wish everyone a very profitable week. :)

交易進行: LIVE TRADE available on twitter:
手動結束交易: Since the day is coming to an end I have decided to close 50% of the Live Trade. More information with graphs you can find on Twitter. The rest 50% will be left and we will see what will happen with them until tomorrow.

Profit of Live Trade: 12.5 pips (50% closed)
手動結束交易: The partial 50% were closed today due to a break of a previous bottom on the M30 waves. Unfortunately the close was at -15 pips at a price of 110.20. The close was posted on Twitter with a graph. Overall from this trade we are in a loss of 2.5 pips. I will keep monitoring the pair and update if we have any more possibilities. The "Sell" option stays active! :)
取消訂單: Okey guys, I think we got as much as we can from this pair. I am stopping trading on this plan and I will keep monitoring the pair in order to find new spots where we can get some profits. Good luck to everyone and have a nice weekend! :)
Follow us throughout our social media profiles:

Youtube Channel: DMTrading Bulgaria
Twitter Page: DMTBulgaria
Facebook Page: DMTrading Bulgaria

Additional educational articles-Medium: @dmtradingbg
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出