Critical Level for USDJPY nearing
111.700 to 112.200 are the prices im looking for entry for short. Trendlines and psychological level and fibbonacci levels are alligning there must mean it has to be important level.
The price still has power to go up as the volume is increasing
111.700 will be my initial entry. Though with high volume it can still go up to 112.200 to reverse.
Thoughts on this idea?
The price still has power to go up as the volume is increasing
111.700 will be my initial entry. Though with high volume it can still go up to 112.200 to reverse.
Thoughts on this idea?
Trade active
Entered on Bearish flag upon the breaking of the trend line
Note
Ep 110.468SL 110.710
TP 109.20
Note
The 4H trendline broke also, we could see it go down to 108.400 with this momentum, It will consolidate around 109.200, could go back to 110.0 area then resume the movement to downtarget of 108.40
Trade closed: target reached
reached 109.200 took my profit nice and smoothTrade active
Entered short for 30 pips again.
Note
Entered short for 30 pips. if the candle closes like that on 4H chart. entering short again for 50 pips
Trade active
#1 EP 109.545SL 109.80
tp 109.2
#2 EP 109.561
SL 109.80
TP 109.00
Note
#1 target reached
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.
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.