Daily FX | Dynamic Trader Blog

Yen Could Face Resistance

Good morning dynamic traders.

Take a look at the USDJPY 15 minute chart below fighting the 200 ma. With the divergence in place (not across MTF) this is a possible shorting opportunity. This is on my watch list but I want a confluence of events as Javid has shown on the mentoring webinars so I will be waiting for what I feel will be the right time. You might want to put this on your watchlist and revert back to my earlier forex post.

You can view Bijal's and John updates by click the links below.

Bijal's Analysis

John's Analysis

I want to thank Ash and Bijal for dinner yesterday and a good evening out.

Enjoy your weekend. Me and Javid have an advanced driving day out on Monday which is meant to be testing our driving skills, reactions and ability to cope in difficult circumstances. This will prevent us from doing any posts on Monday so we will post or twitter on Tuesday. I hope you all have a good weekend.

Anne Chapman
Currency Analyst

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USDJPY Advanced Get 15 Minute Chart

Currency Squeezed

Hello dynamic traders,

I hope you are all enjoying the dynamic trader updates on our other forex blogs fxcps.com and fxcps.co.uk.

I wanted to post a snapshot of a chart that is on the brink of a breakout and soon this currency will provide us a good profit. What is required is patience and the use of our mechanical entry points such as what Javid has shown you all on the mentoring webinars and one to one mentoring.

The Advanced Get USDJPY daily chart below shows a squeeze that is in progress providing a nice triangle formation which is close to a breakout / breakdown. Wait for the signal before taking a trade but as always please do your own technical analysis prior to entering any positions.

USDJPY is in a downtrend and has the figure just above proce action  and is in a  triangle formation.

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Good trading...

Anne Chapman
Currency Analyst

Dollar Yen Trendline

Good morning dynamic traders.

The Advanced Get chart below of the daily USDJPY shows a trendline resistance with a 123786 in place. However, the set up is not a good one but the figure could act as further resistance.

Further down the time frames we have divergence which gives us our confluence of events. I will check the chart again in the morning for a set up.

Good forex trading...

Anne Chapman
Currency Analyst

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