4m 4s: Lenght

To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=trade_forex&ad=ijZ0Hjb1TkY Moving on over to the USDJPY. The trend is up. I don’t think anybody is going to argue the fact that the trend is up. So, we’re going to focus our attention in that direction until something changes. Let’s go ahead and zoom it in a couple of times here on the daily timeframe. And you could see I put a little, blue trend line here, showing us just what’s been happening over the past few days. The fall. The rise. The fall, and now we’re looking for a new phase of the trend, which is, after the fall, we look for the rise. After the fall, I’m looking for the next rise for the USDJPY. Let’s take it on down to the four-hour timeframe. Zoom it out one time. There’s that same blue trend line. There’s the fall. The rise. The fall. Congestion. Similar, isn’t it, where it fell, congestion, new high, fell, congestion around the yellow zone? Now we’re looking for a new high back towards the pink zone. So, I’m looking at the rise. The pattern of the trend. The rise of the low. Look down here, where it went three lows along the blue trend line. Now we’re just kind of inching our way up the trend line, so we’re going to focus our attention on going long in the direction of the trend above the yellow zone in the pattern of this trend. The risk of course is pretty clear. The risk is it breaks down through that yellow zone, so we put appropriate stop losses just in case. So, right here in the middle of the yellow zone, I’ve gone ahead and gone long at 113.90, right in the middle of the yellow zone. And of course our first target will be all the way back up here at 114.80, the pink zone. That’s the first target. Of course higher than that, we’ll look for further profit. The risk is, of course, like I said, a breakdown of 113.75. We would likely look for it back down into the 113.20 or so level, the orange-shaded area. So, looking to stay within or above the yellow-shaded area, buying into the 113.90-level, looking for it to turn back in the direction of the trend. The momentum to shift back in the direction of the trend for the USDJPY today. https://www.youtube.com/watch?v=ijZ0Hjb1TkY Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.