#USDJPY two trades for the next week. The price may end its bearish movement around 107.92 Area where a big bullish movement started on the 7th of Jan.
Anyway... it's possible a little retracement before this. So 109.019 could be a very good level to short. It doesn't matter which one first. Both are good levels to trade once.
1st Trade BUY
Entry point 107.930: it's the same level of a previous big impulse (7th of January) and 100% of Fibo
SL 107.640
TP 108.560
2nd Trade SELL
Entry Point: 109.00
SL 109.165
TP 108.840 (R:R 1:1) but you can set a wider TP if the price hasn't reached 107.94 area before.
Anyway... it's possible a little retracement before this. So 109.019 could be a very good level to short. It doesn't matter which one first. Both are good levels to trade once.
1st Trade BUY
Entry point 107.930: it's the same level of a previous big impulse (7th of January) and 100% of Fibo
SL 107.640
TP 108.560
2nd Trade SELL
Entry Point: 109.00
SL 109.165
TP 108.840 (R:R 1:1) but you can set a wider TP if the price hasn't reached 107.94 area before.
Trade closed: stop reached
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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.
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.