USDJPY Potential 20-30 Pips Before NY CLOSE
Updated
Hey Traders, so I banked a few pips early today from the initial push that got us into the 110 region with this pair.
I am now thinking that we will have another push before market close to get us back toward that 110.150 region right before Asia Session.
I have my weekly Support Level at 108.500.
I have weekly Resistance Level at 110.150.
My thoughts are that we will see a final push from 108.850 to about 110.150.
This is a 3:1 RR ratio.
Entry @ 109.850
Stop Loss @ 109.750
Take Profit @ 110.150
IF, my take profit is hit on this Buy position. Then I will have a sell limit set for 110.150 hoping to catch the decline in prices during Asia Session.
As always, please leave comments, questions, reviews!
Over & Out!
I am now thinking that we will have another push before market close to get us back toward that 110.150 region right before Asia Session.
I have my weekly Support Level at 108.500.
I have weekly Resistance Level at 110.150.
My thoughts are that we will see a final push from 108.850 to about 110.150.
This is a 3:1 RR ratio.
Entry @ 109.850
Stop Loss @ 109.750
Take Profit @ 110.150
IF, my take profit is hit on this Buy position. Then I will have a sell limit set for 110.150 hoping to catch the decline in prices during Asia Session.
As always, please leave comments, questions, reviews!
Over & Out!
Trade closed: target reached
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