Uj
USD/JPY Higher Highs, Higher Lows....BUT (SHORT) Usd/JPY has a clear up-trend in play, however we approached a important level of resistance where it absolutely melted from this level the last time (RED).
I have two take profit targets, Pulling out the FIBB Retracement tool will be helpful as well.
Enjoy!
UJ buy limit Hi all ,
This trade was one of our premium trades from last week , we bought this buy & now as you can see we are at a point where we bank tp1 , my bias is still long till December, however to get a better price is to wait for price to break current structures marked on the chart . Please don’t open positions based on 5pips movement on this pair . Wait and get a valid direction and follow the trend .
Many thanks
10-23-2019 USD/JPY possible long trade - 100+ pips UJ has formed very ideal inversed head and shoulder formation. I see this as a great long opportunity for a mid-term swing.
DXY is currently sitting above the uptrend line at 97 point level and most likely move up that will drive all USD pairs.
Entry @ demand zone
TP @ 1st Supply zone.
If you are holding the pair for mid-term it will reach 110.XXX area.