Uj
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.
UJ Long swing, During the Dollars immaculate inflation!- UJ has held up to key support levels so I am expecting some upward pressure to continue.
~~~~~~Looking for possible resistance at price level now, then buyers will flock out of trade (they get nervous)
~~~~~~ you will see institutional investors pile on long(buy) positions to continue the dollars inflation path
--> Call made based on technical factors going into price action
--> On chart I have marked possible Tp1/Tp2
--> Sl: Trade at your own risk
-------GOOD LUCK TRADING------