USDJPY has shown weakness throughout the Asia session.
It is breaking down from a double top created last week.
It has broken the LTF Bullish structure and is currently retesting it. This also coincides with a strong Key Level.
If history repeats, we could see a fast and furious drop back down to the support zone.
Just a disclaimer, I am not trading this. My EJ trade will benefit from this move if it happens but at the same time, I don't want to double the risk if it doesn't play out as I am expecting.
Trade Safe!
HEET
It is breaking down from a double top created last week.
It has broken the LTF Bullish structure and is currently retesting it. This also coincides with a strong Key Level.
If history repeats, we could see a fast and furious drop back down to the support zone.
Just a disclaimer, I am not trading this. My EJ trade will benefit from this move if it happens but at the same time, I don't want to double the risk if it doesn't play out as I am expecting.
Trade Safe!
HEET
Kommentera:
USDJPY finally broke below that support zone it was struggling to break. It has a relatively clear path down to 102.23.
Kommentera:
In case anyone is in this trade. If it breaks above 109.5, I would suggest taking profits or at minimum partial profits and set the trade to break even.
Trade stängt: målet nått:
Unfortunately, extended beyond the SL but the target was eventually reached.