USDJPY UPTREND ANALYSIS 8 - 12 OCTOBER 2018

UPTREND
PREVIOUS SWING HIGH - 114.534
PREVIOUS SWING LOW - 109.774
BROKEN STRUCTURE - 113.066
PREDICTION: 114.068 - 115.094
NEXT RESISTANCE - 114.068
LOOK FOR LONG ENTRY REASONS ON SHORTER TIME FRAME FROM 112 - 113
ONLY PLACE TRADE IF RISK TO REWARD IS <1
STOP LOSS: .618 RETRACEMENT
TAKE PROFIT 1: .236 RETRACEMENT
TAKE PROFIT 2: 114.534
TAKE PROFIT 3: 115.094
KEEP IN MIND MARKET IS OVERBOUGHT AND RSI AND MACD ARE DIVERGING BEARISH
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS - I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS