USD/JPY SHORT THEN LONG
USD/JPY:
It was a long time since my last post, so I am planning to come back with some of my key setups. I want to keep it simple, also my pending orders are set just as it is on the chart. I think that the market should retest that huge crash that we had a couple of days ago, but for that, we need the highest prices range that we can. The market also gaped around the 146.000 level, so the touch of that level could ignite a larger selloff. A lot of news are coming today, but I think that we are ready for the retest the 144.000 level soon. On the daily chart we also have resistance around the 146.000 level (200dma) so that would be a great chance to catch the market. On the upside, the 144.000 level could be a quite strong support as well for a larger bounce to the upside.
It was a long time since my last post, so I am planning to come back with some of my key setups. I want to keep it simple, also my pending orders are set just as it is on the chart. I think that the market should retest that huge crash that we had a couple of days ago, but for that, we need the highest prices range that we can. The market also gaped around the 146.000 level, so the touch of that level could ignite a larger selloff. A lot of news are coming today, but I think that we are ready for the retest the 144.000 level soon. On the daily chart we also have resistance around the 146.000 level (200dma) so that would be a great chance to catch the market. On the upside, the 144.000 level could be a quite strong support as well for a larger bounce to the upside.
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