Good Day Everyone
Here's my idea on the USDJPY pair looking at two possible scenarios on the pair, looking to see if the descending channel holds or we will see a break above the channel and see a move to the upside, the pair is fairly close to my 200 MA so i will look for the channel to hold and see a move to the downside to go retest the structure unless we break the 200 MA and trade above it...
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ENTRY AND SL - FOLLOW YOUR RULES
RISK MANAGEMENT
PERIOD - SWING
TARGET 1 - 106.74
TARGET 2 - 106.142
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Here's my idea on the USDJPY pair looking at two possible scenarios on the pair, looking to see if the descending channel holds or we will see a break above the channel and see a move to the upside, the pair is fairly close to my 200 MA so i will look for the channel to hold and see a move to the downside to go retest the structure unless we break the 200 MA and trade above it...
__________________________________________________________________________________________________________________________
ENTRY AND SL - FOLLOW YOUR RULES
RISK MANAGEMENT
PERIOD - SWING
TARGET 1 - 106.74
TARGET 2 - 106.142
__________________________________________________________________________________________________________________________
If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
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