Uptrend continuation on UJ?

My timing method suggests that a low should be made for USD/JPY between the 12th to the 19th so this week basically. Looking back 45 1/2 days for a repeat of a price and time projects a daily support level at 137.918. Looking for another high to high time count repeat on a smaller timeframe I am able to calculate an intraweek support at 137.850 so I will set my buy limits here. If reaction is successful, an eventual break of 140.926 will be likely. My conservative exit is at 140.196.

BUY LIMIT @ 137.850
STOPLOSS @ 137.560
TAKE PROFIT @ 140.196


GOOD LUCK AND HAPPY TRADING

Yorum:

trade invalidated