Hi traders,
The USDJPY and DXY make some really technical stuff from yesterday to now. We are witnessing a pure technical retracement on both UJ & DXY. In the world of forex, things just don't go straight to the point they are going to. They will (most of the time) bounce between resistances, supports, FIB extensions and order blocks. This is basically what I'm seeing right here. This analysis also goes with the trend so the RR is looking good too.
Here's what I'm thinking :
USDJPY SHORT:
ENTRY : 113.071
SL : 113.945
TP : 110.168
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
The USDJPY and DXY make some really technical stuff from yesterday to now. We are witnessing a pure technical retracement on both UJ & DXY. In the world of forex, things just don't go straight to the point they are going to. They will (most of the time) bounce between resistances, supports, FIB extensions and order blocks. This is basically what I'm seeing right here. This analysis also goes with the trend so the RR is looking good too.
Here's what I'm thinking :
USDJPY SHORT:
ENTRY : 113.071
SL : 113.945
TP : 110.168
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
Trade active:
Nice initial drop!
Comment:
Up 100 pips!
Comment:
More than 200 pips! Slowly getting there.