Quote:
Originally Posted by brad_1199
After reviewing USDJPY again I think we're going to see a rally up to 102.35 to close out the week. I'm looking for a hanging man candle to form on the weekly chart which will offer bears optimal entry around 102.35 on Friday right before the close.. I expect the next 2 Days will be very strong up days for this pair. If this hanging man candle that I'm looking for forms on the weekly chart there is going to be some really big down side thrusting in following weeks and 102.35 area is very good risk to reward area since risk can be contained to 103.40 so if we can load up on short positions around 102.35 we're sitting very pretty for a very big down side move in coming weeks.
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Hi Brad, any reason why the USD/JPY should see a bounce to 102 in the next two days?? Would a drop to 95ish to end the week be an alternative, ofcourse nothing is guaranteed but just curious to know your reason behind an up move...
