today i like to sell this pair @ 100.33
my stop loss of the day @ 100.53
half take profit for today @ 99.88
and further half take profit @ 99.58
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today i like to sell this pair @ 100.33
my stop loss of the day @ 100.53
half take profit for today @ 99.88
and further half take profit @ 99.58
couple on the four hour timeframe today sends a signal to sell. On the hourly timeframe and indicators show that the price of a downward trend. Here are just a trend indicator started serving uplink signal. I think he, too, will turn around and will give a signal to sell. Sell when the price of a pair is 100.34
After breaking through the upper boundary of a pair of converging triangle shows strong growth, a couple did not keep moving or 200 or 100.00 psychological figure, the northern trend again resumed and similar purposes bulls will again become an annual maximum of 103.70 (provided the breakthrough week high of 101.50, which is my first goal).
Some time ago i demo trade on this pair but i have a great loss. but now a days this pair is in very good situation and make trade with it. This is good pair for trading after Ero/USD and JBD/USD.
usd/jpy market analysis by using : average directional movement index wilder(14) & average directional movement index(21)
adx wilder(14) level
style : 27.32
+di : 37.95
-di : 11.81
adx(21) levels
adx : 30.15
+di : 32.65
-di : 7.23
time : 1500
date : 15.07.2013
timeframe : 1 hour
Trading Signal - 15/7/2013 - 16:00 GMT+3 60min CHART · Intraday Upwards Strong · Extremely Overbought
The TP1 has been reached. We closed 50% of our position and have moved the Stop loss at the lock in profits level (99.70). Provided the market conditions will remain
the same the TP2 will be reached soon.
http://dl.dropbox.com/u/51561036/scr...715-224441.jpg
http://charts.mql5.com/2/40/usdjpy-h...ex-group-5.png
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 98.98
stochastic refers that the pair will go up
so our target buy from 99.98 and our target will 100pips
Good luck
The pair managed to break through today several important resistance levels (including top-fractal 99.67 and sliding alligator that course now re-testing), Stochastic on the daily chart has formed a buy signal, the path to the north and is free to the bulls could easily become a medium-term resistance 101.40.
Usd/jpy currency pair is very good for trading. All the time low was generate at the time of japan earth quake, when we see history price keep on very slowly the the further level will be high.
Usd/jpy analysis for 07.16.2013 by using pivot indicator.
r3: 101.908
r2: 101.186
r1: 100.516
pivot: 99.794
s1: 99.124
s2: 98.402
s3: 97.732