USDJPY POTENTIAL BUY 50 PIPS
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Good Morning Traders!
Today our analysis is on USDJPY.
The overall trend for this pair is Bearish, however I see a potential for us to collect a few pips.
Based on my analysis, prices on Friday had soared to 109.996. With a Friday low of 109.260.
My analysis is that right now price is just retesting the 109.350-109.550 region before creating a big move back up and potentially creating a new Daily High.
I have entered this trade last night based on the fact I thought price would retest and breakout once again.
On my chart, I have my previous Weekly Support levels still marked off and HAVEN'T updated them to remind me of what price did last week.
I have entered the trade at 109.349 with a Stop Loss of 109.266. Take Profit is set for 109.996. This is a 3.5:1 Risk Reward.
GOOD TRADING!
#ForexFargo
Today our analysis is on USDJPY.
The overall trend for this pair is Bearish, however I see a potential for us to collect a few pips.
Based on my analysis, prices on Friday had soared to 109.996. With a Friday low of 109.260.
My analysis is that right now price is just retesting the 109.350-109.550 region before creating a big move back up and potentially creating a new Daily High.
I have entered this trade last night based on the fact I thought price would retest and breakout once again.
On my chart, I have my previous Weekly Support levels still marked off and HAVEN'T updated them to remind me of what price did last week.
I have entered the trade at 109.349 with a Stop Loss of 109.266. Take Profit is set for 109.996. This is a 3.5:1 Risk Reward.
GOOD TRADING!
#ForexFargo
Đóng lệnh: dừng lỗ
Re-Entering Trade.. not listening to the noise going on today. Market is just setting up for tomorrow and Wednesday big move. Now re-entered at 109.250. Let it ride!
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