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Freesigna

Possible lateral strategy on USDJPY#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.
by kitchen_trading
Updated Feb 5, 2020

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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