Bought of U.S. Dollar: Fundamental Analysis
Hello, this week U.S. Dollar is into the recuperation and we see that United States it's go to benefit the American currency.
In Daily we see a descendent triangle, but the expectative for medium term is bearish, but for now is long in shorting term
That is exactly what I explain in H4 timeframe!!! And also, if you noticed in H1 timeframe, we could see another thing and that thing is a Shoulder Head Shoulder inverted, that is a possible formation to see in the next hours.
Now, the objective it's just to find up 120 pips, its a good profit for us!!!
So, I put a buy order limit at $104.70 JPY with a SL at 25 pips and my profit is 120 pips
Good luck,
In Daily we see a descendent triangle, but the expectative for medium term is bearish, but for now is long in shorting term
That is exactly what I explain in H4 timeframe!!! And also, if you noticed in H1 timeframe, we could see another thing and that thing is a Shoulder Head Shoulder inverted, that is a possible formation to see in the next hours.
Now, the objective it's just to find up 120 pips, its a good profit for us!!!
So, I put a buy order limit at $104.70 JPY with a SL at 25 pips and my profit is 120 pips
Good luck,
Trade closed: stop reached:
I believe that was the bad speculate news. So, the USD make a sell off