Trade idea: USD/JPY – down cards at 81.83

USD/JPY-81.77

Original strategy:

Sold to 81, 83, Target: 81.05, Stop: 82.10

New strategy:

Hold the card at 81, 83, Target: 81.05, Stop: 82.10

The dollar has traded in a narrow sense, and as long as the specified resistance 81.98-99, mild downside bias remains to retreat to 81.45/50, then test on the Kijun-sen (now 81.25), only break in the Ichimoku cloud (now at 81; 01-05) but would signal the upper has been set up and take another fall to strong support at 80 54.

Against this background, we agree that our short position is indicated on the 81 83 for such cases, but one must exit on the subsequent downturn. above resistance at 81.99 would signal the long-awaited patch of the recent downtrend has started and then profit from 82.50 and later 82.90/00 would follow.

Australia Dollar Daily equal the Working Party on the Cards ...

Hey traders,

Nial here, just wanted to discuss recent rise of Australian dollar and emphasize certain configurations of price action that occurred within the recent uptrend Daily. Being an Australian, this seems to be a time reference point for my home currency as equality is apparently the cards for the daily.A look at download chart below will show you that we have indeed busted through the past highest at 0.7 9818 and price is currently at 0.9900 as I write this. or less actually get equal to 1.0000 is clear, but at this point it seems very likely to happen over the next week or so.

Download Daily chart:

Daily chart:

Also, let's take a look at the daily chart of the daily, the bar fakey/pin recent combination installation was very well defined and provided a great entry into this market trend. Furthermore, note inside the bars that formed about 9/11 that could have netted you some serious seeds.