On daily timeframe USDJPY is in a bullish trend and has hit the Strong daily trend Resistance line from where it has reversed.
On the Hourly Timeframe the strong bullish trend formed and the trend is now broken making by making a new LH as opposed to a HL.
I am predicting the price will continue to fall from here to the Daily Support level.
However, in order to keep the trade safe, I am trading on Hourly with TP on the Fib Level 0.66
On the Hourly Timeframe the strong bullish trend formed and the trend is now broken making by making a new LH as opposed to a HL.
I am predicting the price will continue to fall from here to the Daily Support level.
However, in order to keep the trade safe, I am trading on Hourly with TP on the Fib Level 0.66
Nota
This is playing out well for now. Hope it hits the TPNota
This trade was also closed in profit as per the analysis. The SL wasn't hit, and the wick hit the TP.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.