Short Plan for USDJPY:
Price reached structure at: 110.832-110.765
Pin bar at top confirms strong selling pressure and bulls are going away
We can short USDJPY not (110.765) or wait for breakout of rising wage
Entry1: 110.772
Entry2: Price breaks rising wage and pulls back to 0.618
TP1: 109.960
TP2: 109.400
TP3: 108.600
SL: 111.000
Price reached structure at: 110.832-110.765
Pin bar at top confirms strong selling pressure and bulls are going away
We can short USDJPY not (110.765) or wait for breakout of rising wage
Entry1: 110.772
Entry2: Price breaks rising wage and pulls back to 0.618
TP1: 109.960
TP2: 109.400
TP3: 108.600
SL: 111.000
Note
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.