Guys, The usdjpy is more likely losing its momentum in this area, by the down trend line and so many spikes, i am going to short it once the price action getting weak. the stop loss is the red box, target is green.
Success
RandR
Yorum
⋅
Increase your lot size once there is any consolidation.cuz the top seems like is formed.
Yorum
⋅
Did you successfully catch this second chance? Hopefully, you are in the winning trade.
Yorum
⋅
one more step
Yorumlar
ZainSaeed
⋅
oh man i don't know how you guys draw these lines it really amzing i don't how you find support and resistence levels like this you this was a strong rejection from the support which was @116.13 and then price is testing december high and it is looks ready to break this level and then you came out with this chart its really amzing .... sorry to say bro but you still need to work on it with daily chart you are using 7 EMA lol its really amzing dude
tipua411
⋅
really nice.
RandR
⋅
I am a short term trader, check my target and stop loss, i believe, you would know what i am thinking.
sita
⋅
May be 119 is the best place to sell.
RandR
⋅
@sita, yeah, that would be also possible. my stop loss still holds...
TradZ
⋅
Not a downtrend, it' s a bull flag that price has broken out from so why would you consider shorting? If you caught price action@around 117.6 like I did then you know it's LONG - Check your time-frames
@sita, I have my TARGET set@118.6 with an entry@117.6
Depending on how the trade goes(around 118.5 area), I might place my STOP higher with a higher target(120.6). 0r it just may be safe to hit the 118.6 goal and then wait for a pullback to re-enter into another trade.
sita
⋅
@TradZ, Perfect. am thinking to close the trade in the 118.5 area. 119 would be the strong barrier for a trend reversal.