USDJPY still expecting some further downside as previous Support has broken now became Resistance.
Reason :
- Resistance area on 111.80
- EMA21 crossover on H4 chart.
- Potential to reach next support points :
Entry point Short : CMP or 111.70-80 area ; TP1 : 110.95, TP2 : 110.05; SL above 112.20 area
Risk Reward 1:3.45
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Resistance area on 111.80
- EMA21 crossover on H4 chart.
- Potential to reach next support points :
Entry point Short : CMP or 111.70-80 area ; TP1 : 110.95, TP2 : 110.05; SL above 112.20 area
Risk Reward 1:3.45
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active
SELLTrade active
SELL position* executed on 111.90, let's see.Trade active
Back to retest of 110.70 area, awaiting to break below.Trade closed: target reached
Closed my position with some profits despite of no trades position over the weekend.Trader can choose to hold until target. Good Luck
Note
USDJPY view for next week. Potential gap closing
Trade closed: target reached
TP hit AGAIN at 109.735, enjoy traders.After a short retracement, this pair will be heading to next TP point around 109.00 to the gap closing.
Note
109.20 hit, 270pips+ profits from this trade call.Note
USDYEN further downside is still intact, lets see.
Note
It reached 108.82 low before reversal. No trade has been entered as it doesn't meet my entry requirment.
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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.