UJ / USDJPY : With the BoJ surprise we are looking for forward for some further bullish momentum.
Possibilities to trade this:
1.) Wait for it to reach the Fib retracement around 120.46~120.10 to take a long position.
2.)More risky and aggressiv option: If it doesn't reach the Fib levels you could try to get into a long once it leaves the inner Pitchfork with wider S/L below 120.10$
T/P targets should be around 123~123.70.
Don't get overly bullish because of the surprising BoJ decision. If the Stock markets start dumping again, so will UJ dump.
Good Luck!
Possibilities to trade this:
1.) Wait for it to reach the Fib retracement around 120.46~120.10 to take a long position.
2.)More risky and aggressiv option: If it doesn't reach the Fib levels you could try to get into a long once it leaves the inner Pitchfork with wider S/L below 120.10$
T/P targets should be around 123~123.70.
Don't get overly bullish because of the surprising BoJ decision. If the Stock markets start dumping again, so will UJ dump.
Good Luck!
Not
I didn't enter yet after I saw stock markets keep on dumping further...Looking closely at the 0.618 Fib. for a possible bounce.
Pitchfork channel working amazingly for now.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.