Going Short in JXY Japanies Yen Index.
Bullish Indication.
Bulliish trend intact.
Price value in between 1hour resistance zone
Bullish parallel channel intact
JXY seasonaly moderately bullish
Trade plan to Buy / Long position
Entry point above the support / resistance zone @ 75.75
Stop Loss below the support / resistance zone @ 75.15
Take profit below the support / resistance level @ 77.25
Bearish Indication.
Bearish candles formed
Price value within the support channel
Price under the 4 hour trend line
Trade Plan to Sell / Short
Entry price below the support / resistance zone
@ 75.15 with bullish candle
Stop loss @ above upper limit of support / resistance channel @ 75.80
Take profit on the middle support line @ 74.41
Bulliish trend intact.
Price value in between 1hour resistance zone
Bullish parallel channel intact
JXY seasonaly moderately bullish
Trade plan to Buy / Long position
Entry point above the support / resistance zone @ 75.75
Stop Loss below the support / resistance zone @ 75.15
Take profit below the support / resistance level @ 77.25
Bearish Indication.
Bearish candles formed
Price value within the support channel
Price under the 4 hour trend line
Trade Plan to Sell / Short
Entry price below the support / resistance zone
@ 75.15 with bullish candle
Stop loss @ above upper limit of support / resistance channel @ 75.80
Take profit on the middle support line @ 74.41
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.