MEX_Exchange
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USDJPY profit target reached, prepare to sell once again

FX:USDJPY   美元/日元
Sell below 114.37. Stop loss at 114.76. Take profit at 113.54.
Reason for the trading strategy (technically):
Price reacted strong from our selling area and reached our profit target. We prepare once again to sell on strength below 114.37 resistance ( Fibonacci extension , horizontal swing high resistance) for a push down to at least 113.54 support ( Fibonacci retracement , horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance below 99% where we expect a corresponding reaction from.
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whats wrong with your account?
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Any ideas why MEX just got his account banned? You analysis will be hugely missed!
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@icarius, Could it be because of the company branding in the profile? Maybe the mods felt as though MEX were getting free advertising?

Hopefully MEX can work something out, and make whatever changes TradingView require.
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icarius AlexBarclay
@AlexBarclay, I think you are right. Let's hope the can make it work. In the meantime, you can go to their website where they continue to publish their ideas.
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@icarius, I didn't know, thanks for telling me that. I see it's in their Market Analysis section.
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Should we quit this trade before market closes (with a loss) or leave it for the weekend ?
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Hi, Im a newbie and please explain. I see 114.229 as a zone whereby more resistance is found. 114.375 is a point which just had a high once meaning probability of it getting there is slim unless of course aiming for a perfect entry. My view which might be incorrect as i am still learning the ropes is that sell entry should be 114.229, Take profit at 113.815 because (a) it is Friday and it is risky to carry over a trade over the weekend therefore waiting for price to drop that lower than that might take longer than today alone. (b) 113.815 has given support several times at shorter periods of times (like almost everyday from the 24th of November). I'm looking forward to hear other views. Just a NEWBIE view.
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thanks
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Thanks sir !
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