USDJPY at Confluence zone: Resistance level and supply zone..

Cập nhật
1. Breakout of ascending triangle trigered a move lower of about 680 pips from december 18 2018 to january 3 2019 flash crash. Technically, USDJPY is bearish.
2. Previous support turns resistance by the breakout of the ascending triangle.
3. Recovery of the flash crash of January 3 2019 breached, creating new levels of demand and supply.
4. price currently trading at a confluence zone ie resistance level and supply zone. Current risk of this zone is today NFP and unemployment numbers to be released at 12:30 GMT
ACTION:
We will be looking for bearish price action to go short and targetting the demand zone
Alternatively, a daily close above confluence zone around 112.3 will negate our bearish out look for now and drive prices higher to 114.00
Giao dịch đang hoạt động
price in our zone.... a hammer formation... we have therefore taken a short position 111.913 with a stop loss at 112.480...
First target @ 111.00
second target @ 109.862
Giao dịch đang hoạt động
The week end gap down on the pair helped us achieved our first target......

next target @ 109.862 LOADING.....=========............
Đóng lệnh: đạt mục tiêu
trade closed...………….. target achieved

waiting for next move
Chart PatternsTechnical Indicators

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