Forex Trading Ideas & My Best Forex Robots

We have placed buy limit order at 113.23 and this order has been activated. Our target is at 114.84 and stop at 112.70 so we have Risk Reward Ration 1:3.

USDJPY after the hit bottom edge of resistance zone went lower. Now it reach local support level at 113.10. This is previous resistance level and there could be a good buy opportunity. Now we are observing price action and waiting for any demand activity.

USDJPY in the previous week reached to resistance zone wide for almost 100 pips, but in friday session (27 october) price has bounced back from bottom edge of zone and dropped lower. Now it reached level where is local support, which was a strong resistance level at the begining of october. We can observe, that price has stopped near 113.00-113.20 and we are expecting in our forex trading idea that price will back to resistance zone at 114.30-114.40. We set pending buy order near the top of last bearish candle with target near the last top at 114.27 and risk reward ratio 2.0.

USDJPY after the weekend has opened upper with gap. In friday USDJPY has gone higher with long bullish daily bar and finally left range where price was since end of september. Now price is going to wide resistance zone at 114.30 - 115.50. In this range we will look for market weaknesses and any increased supply activity to find good sell opportunity. In this context is is also worth to looking EURUSD chart where price is going to support level. If support level will be defended, than USD could make weaken again and USDJPY could go lower.

USDJPY after the quick movements from bottom edge of range to top edge, backed to bottom edge and again moved upward to top, finally went upper but it stopped at last local high appointed in 6 october 2017. Price has backed from this level to the range. We are expecting that price could back to the bottom of range so we have opened short inside the range. Target is near the bottom of range. Stop is a few pips over last high. If price will go upward and will go higher than last peak, we will consider long with target near resistance zone at 114.30.

USDJPY is back in range 112.20-113.20. In 12 october price has broken down and we expected that price fall into level 111.00, but this was short correction to 111.70 and price has backed to the range with large growth momentum. Now price stopped at 113.00. We are staying out of the market and waiting to see what price will do if it will reach 113.20 level.

It looks like USDJPY is closed in traingle. After the break out downwards price was stagnated in the next lower consolidation in triangle. We are keeping our sell expecting to price will go down. If price will break out upwards we will close our sell trade. We must also watch out for false breakouts.

USDJPY break out down of range where price stayed since end of semptember. As we told earlier, this should be correction of previous growth and price should go to support zone at 110.60-111.00. Aggresive traders could sell with a small stop loss. Conservative trades could wait for a pullback to the broken zone.

USDJPY sill stay in range 112.25 -113.25 since 27 september. In friday at NFP publications we have false breakout but price quick back to the range. Daily friday pinbar could suggest quick breakout lower, but today session doesn't give us conclusion. Still waiting for breakout.

USDJPY is growing from the begining of september without larger correction. In the last days growth rate has decreased and USDJPY stay in local range 112.20-113.20. Today price break out up but it fast back to the range and now price drawing pinbar. All looks like price finally will breakout down, will make correction to support zone 110.70-111.00 and than will go to the resistance level at 114.30.