USDJPY
109.119 is a key resistence level for the pair.
The pair is showing a bullish bias as the EMA,200 is below the EMA,50 on the 1H chart, however the pair is anticipated to retrace to the T1 trendline before continuing the bullish breakout.
In Conclusion, I’m waiting for the bearish setup @108.776 just above the PH(Previous High)
Entry Position : 108.776
S/L: 108.924
T/P 1: 108.372
T/P 2: 108.070 (@EMA,50)
109.119 is a key resistence level for the pair.
The pair is showing a bullish bias as the EMA,200 is below the EMA,50 on the 1H chart, however the pair is anticipated to retrace to the T1 trendline before continuing the bullish breakout.
In Conclusion, I’m waiting for the bearish setup @108.776 just above the PH(Previous High)
Entry Position : 108.776
S/L: 108.924
T/P 1: 108.372
T/P 2: 108.070 (@EMA,50)
Trade active
Trade closed: stop reached