USDJPY

Theres a nice flag Pattern on this currency pair.
This is a continuation pattern and normally a sign of strength to come.
If this breaks out past 8268 then id expect the cup and handle formation to complete.
This target is 84.17 so about 150 points potential.



DYOR

Hi Remo,

This is my first trade on currencies, after that sudden spike I'm in now at 8269 but wondering where you think the stop should be best placed after such a sudden movement?

Due to the sudden movement, just making me a bit wary??!!

Thanks
CT79

Ignore my question as I bailed out for a small profit as it wasn't sitting comfortably with me - was a good choice in the end!!

Thanks
CT79

This one looks like its finally resuming the up trend by breaking out of the flag continuation pattern.
Obviously it has to finish the day above the flag to be a comfirmation



DYOR

Was just going to post the very same!

Absolutely fantastic thread guys.

Jackozy - I tip my hat sir. Not only are you a fantastic trader, but you have the humility to take you so much further - a constant thirst for knowledge, and the humility to listen to others and learn from those, no matter what "level" of trading - you understand there is something to learn from everyone. Your clear explanations and the time you take to interact is terrific to see aswell.

KI - Already said it before, and I was sorry to see you leave the other forum i'm on, you know your shizzle. I Enjoy deciphering your messages. Alot can be learned from you.

Rossy - You also added to the thread. It seems like you are coming on leaps and bounds also, and its great to see. Don't lose that thirst to learn.

Remo - congrats on the site. I can see how much some are taking from it, it offers things that the iii.co.uk can't offer, and I hope you are enjoying and taking from it what you foresaw all that time ago when you were dreaming the site up.