This pair has recently broken the declining trendline to the upside and is currently in an uptrend. The retracement of the latest impuls has created a support zone for stop loss placement. The buystop order has been placed @0.7267, targets @0.7325 and the stoploss beneath the support zone @0.7218. Happy banking!
A break of the resistance zone would complete a buy stop opportunity. The rising trend line has been retested multiple times and has proved to act like support. The buystop order has been placed above the resistance zone @1.1932, targets @1.2042 and the stoploss beneath the rising trend line @1.1849. Happy banking!
According to the lines of support and resistance, we find that there is a risk of buying above resistance and selling below support.But according to RSI and Tenkan Sen and Kijun sen, Probability of Buy position is more.For this purpose,We put Buy Stop top of resistance line and put Sell Limit under support line.
USDJPY complete 1st and 2nd wave with a .618 Fib level retracement. Wait flag completion and go long USDJPY completo la 1ra y 2da onda en el nivel .618 de Fib. Esperar que complete la bandera e ir en largo
Waiting another movement to continue Uptrend! Wait breakout to the upside and go long. Esperando un movimiento similar al #1 y continuar la tendencia alcista, Esperar que rompa bandera e ir en largo.