USD/ JPY 04/12/2019

I'm shorting the Japanese yen

This is the view of the weekly , if you see, the buyers took over the last seller territory


So we are somehow,in buyer market.

Now lets look at the 4 Hour, but one important  point here , yes on the weekly we broke one seller zone, but we are in fact standing on the edge of the 2nd seller zone.


Now 4H





we are on a edge of 4hr seller zone. as you can see the !

But the big zone down there is the weekly buyer zone !


So as you can see I'm look to take profit exactly there.


We will see what the chart folds.


Update: Now we are still under the seller zone, one position already archived target but the 2nd positions has a bigger target. So lets see .

Updates: Now all out 29 Pip + 15 pip on earlier position = total  45




Now ... Lets see if we get the buy that I'm initially looking for since we already on weekly took over the seller zone. This buy should go for long time.

Lets wait and see

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