PITCHFORK - Forex USDJPY Weekly Analysis Feb 26th - Mar 2nd 2018
SELL USDJPY
Area: Pitchfork Upper Line
Channel Pitchfork - Descending
Entry: Instant/106.500 - Upper Line
Target Profit: 105.800 - Median Line
Next Target Profit: 103.900 - Lower Line
Stop Loss: 107.500
Reward Potential: 260 pips
Risk: 100 pips
Reason: Last weekly analysis price fail to move higher on upper line and make reversal on median line (refer last week analysis)
Target price to hit median line, you may lock profit here or next probability target to hit lower line pitchfork.
Area: Pitchfork Upper Line
Channel Pitchfork - Descending
Entry: Instant/106.500 - Upper Line
Target Profit: 105.800 - Median Line
Next Target Profit: 103.900 - Lower Line
Stop Loss: 107.500
Reward Potential: 260 pips
Risk: 100 pips
Reason: Last weekly analysis price fail to move higher on upper line and make reversal on median line (refer last week analysis)
Target price to hit median line, you may lock profit here or next probability target to hit lower line pitchfork.