Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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UJ has entered my entry zone at current 4 hour structure. Seeing that bears enter the market here in London/US we should see price head back down to key level 109.000 at least. After 109 is of course structure, then the -27 extension. Price always has room to retrace up to 100% structure, so that's why I have included the zone of allowed retrace room. If this zone is passed we should not only look to get out of sells but to also expect trend change. However, I don't see that happening quite yet.
Short for the Dollar vs Jappy tonight with 60+ pips in sight. Always wait for multiple confirmations before entering into trades. The market will show you momentum of buyers & sellers, patience is the key, Sundays are usually slower.
Good Luck to all traders and will update you on targets or if I momentum switch.
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
*********
UJ has entered my entry zone at current 4 hour structure. Seeing that bears enter the market here in London/US we should see price head back down to key level 109.000 at least. After 109 is of course structure, then the -27 extension. Price always has room to retrace up to 100% structure, so that's why I have included the zone of allowed retrace room. If this zone is passed we should not only look to get out of sells but to also expect trend change. However, I don't see that happening quite yet.
Short for the Dollar vs Jappy tonight with 60+ pips in sight. Always wait for multiple confirmations before entering into trades. The market will show you momentum of buyers & sellers, patience is the key, Sundays are usually slower.
Good Luck to all traders and will update you on targets or if I momentum switch.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.