USDJPY | Long
Long Entry @ 132.170
Stoploss @ 131.415
TP1 @ 132.643
Although USDJPY is in clear Bearish Trend @ 1Hour Chart with Lower Lows and Lower Highs But on Daily Chart the Support line @ 130.545 is a major Support line acknowledged by the latest price action, the significance of Support line @ 130.545 increases as it is also action as neckline of a possible Head & Shoulder pattern in progress as visible @ Daily chart.
it's a bold small trade.
DowTheory
Chart Pattern
CandleStick
FibRetracement
Long Entry @ 132.170
Stoploss @ 131.415
TP1 @ 132.643
Although USDJPY is in clear Bearish Trend @ 1Hour Chart with Lower Lows and Lower Highs But on Daily Chart the Support line @ 130.545 is a major Support line acknowledged by the latest price action, the significance of Support line @ 130.545 increases as it is also action as neckline of a possible Head & Shoulder pattern in progress as visible @ Daily chart.
it's a bold small trade.
DowTheory
Chart Pattern
CandleStick
FibRetracement
Trade closed: target reached
Trade active:
Re-Entering the Trade upon BreakOut of
Long @ 134.630
TP1 @ 135.748
TP2 @ 137.387
Long @ 134.630
TP1 @ 135.748
TP2 @ 137.387
Trade closed: stop reached