A great opportunity for Shorting USDJPY
Friends,
Here are the reasons for shorting USDJPY
1) This is Yen weighted average. See where it is now. Basic wedge formation rule suggest a bounce at the lower band of the wedge.
2) Yen bonds bouncing and stronger Bonds means stronger Yen.
3) Yen Yields are pulling back
4) JXY H&S breakout and now I am expecting a visit to the neckline
See doji on daily
Here are the reasons for shorting USDJPY
1) This is Yen weighted average. See where it is now. Basic wedge formation rule suggest a bounce at the lower band of the wedge.
2) Yen bonds bouncing and stronger Bonds means stronger Yen.
3) Yen Yields are pulling back
4) JXY H&S breakout and now I am expecting a visit to the neckline
See doji on daily
Comment:
Comment:
Beautiful Shooting start on this pair is the main ingredient for having a nice weekend ;)
Have a great weekend Friends.
KHAN
Have a great weekend Friends.
KHAN
Comment:
Comment:
Is this a false breakout of the previous day's high?
Comment:
A bounce expected before hitting the target
Trade closed: target reached