USDJPY LONG SHORTERM
USDJPY; On a downward channel
Weekly; showed absorption of supply in the past around the 107 zone + price tried to break support 5 times since the 1 april.
Daily ; showed absorption of supply the 26 june. + we have a inverted head and shoulder formation. & we can see absorption of supply on the lower trendline
Nice RR stop loss; 105.6 ( 125 pips risk)
1p 109.100 ( 200 pips win)
Weekly; showed absorption of supply in the past around the 107 zone + price tried to break support 5 times since the 1 april.
Daily ; showed absorption of supply the 26 june. + we have a inverted head and shoulder formation. & we can see absorption of supply on the lower trendline
Nice RR stop loss; 105.6 ( 125 pips risk)
1p 109.100 ( 200 pips win)
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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.