There is one pair that has made a move over the past 12 hours: the USD/JPY. The bullish break may set up an early-week pullback buy. Here's the trade:
1) Buy just above the 4-hour 62% Retracement @ 126.21
2) Initial stop loss @ 125.74
3) Profit target @ 126.69, 1:1 risk vs reward
This is a trend-following play from the 126.00 area. It will remain valid as long as the current swing high remains intact.
1) Buy just above the 4-hour 62% Retracement @ 126.21
2) Initial stop loss @ 125.74
3) Profit target @ 126.69, 1:1 risk vs reward
This is a trend-following play from the 126.00 area. It will remain valid as long as the current swing high remains intact.
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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.