Hi traders,
I've been following every ups and downs on this pair since December 2018. I've taken a number of short term trade as well. As you can see this pair have been following the trend line both (upper and lower) since last year and never broken. It is about to finish and hence we are seeing the tight consolidation over the last few weeks.
Good news is, the consolidation is about the finish and we should see a clear breakout now for the next direction. I anticipating a bearish break (JPY should strengthened and opposite for DXY) and should this happen I will go short for a long term tp of 104.800!!
However, if we see a bullish breakout then I will go long for a potential tp in the region of 114.00!
Watch out for the break and enter once confirmed.
Let me know your thoughts.
Trade safe and good luck.
I've been following every ups and downs on this pair since December 2018. I've taken a number of short term trade as well. As you can see this pair have been following the trend line both (upper and lower) since last year and never broken. It is about to finish and hence we are seeing the tight consolidation over the last few weeks.
Good news is, the consolidation is about the finish and we should see a clear breakout now for the next direction. I anticipating a bearish break (JPY should strengthened and opposite for DXY) and should this happen I will go short for a long term tp of 104.800!!
However, if we see a bullish breakout then I will go long for a potential tp in the region of 114.00!
Watch out for the break and enter once confirmed.
Let me know your thoughts.
Trade safe and good luck.
Trade active
Trade active:
Moved sl to BE for a risk free trade
Trade closed: target reached:
Closed my 1st trade with 500 pips profit and left the 2nd one open to see the remaining through and moved my sl to 108.600 for the 2nd remaining position.