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Weekly forecast US Dollar / Japanese Yen technical chart
Symbol USDJPY

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Trade Setup
#USDJPY
Total Profit: 3464 pip
Closed trade(s): 1732 pip Profit
Open trade(s): 1732 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 112.82 based on 'Peak' at 2018.12.17 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 112.45 touched at 2018.12.18 with 37 pip Profit.
TP2 @ 111.80 touched at 2018.12.20 with 102 pip Profit.
TP3 @ 110.75 touched at 2018.12.24 with 207 pip Profit.
TP4 @ 109.60 touched at 2019.01.02 with 322 pip Profit.
TP5 @ 108.40 touched at 2019.01.03 with 442 pip Profit.
TP6 @ 106.60 touched at 2019.01.03 with 622 pip Profit.
37 + 102 + 207 + 322 + 442 + 622 = 1732 pip

Open Profit:
Profit for one trade is 112.82(open price) - 108.49(current price) = 433 pip
4 trade(s) still open, therefore total profit for open trade(s) is 433 x 4 = 1732 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 109.850 is broken, we will close open trades.
  • Price may also reach 109.850, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.
DateJanuary 12, 2019 - 16:39
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 109.850 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 109.850 is broken.

Technical analysis:

  • The RSI bounced from the downtrend #1 and it prevented price from more gains.
  • A peak is formed in daily chart at 113.70 on 12/13/2018, so more losses to support(s) 108.40, 106.60, 104.65 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 33.

Take Profits:

  1. 112.45
  2. 111.80
  3. 110.75
  4. 109.60
  5. 108.40
  6. 106.60
  7. 104.65
  8. 102.75
  9. 100.00
Click on the level to view price action history.
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History
Daily-Trading-Opportunities on USDJPY.