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Simply4ex
9 apr 2020 16:44

USDJPY Resumes its downtrend Kort

U.S. Dollar/Japanese YenFXCM

Beskrivning

The correction for USDJPY stopped at the multi year descending trendline and appears to be over.

A daily close below 108.35-50 will open the door to 106.60 and then toward 100.

Kommentera

TP 1 Achieved. SL to BE for the 2nd position
Kommentarer
TheTradersAvenue
Looking for this setup to play on this pair

Simply4ex
@TradingAxis, played out nicely
arjunyonjan
wrong analysis. It will take few months for this prediction to get valid! trade with caution. dont follow blindly..
Simply4ex
@arjunyonjan, Lets see.
wiqbal494
@arjunyonjan, I am of the same following as the op. Its a impulse wave down.. Not a correction so it won't take long... I would estimate a few weeks... I would recommend tight stop losses to start with and then maybe a trailing stop loss enough to give retractmemts space to move and continue
Mer