Selling USDJPY @ 111.75 with a 100 pip stop Targeting 109 ab=cd and a 618 fib there..
I marked good entry points depending where price is going, its forming a triangle, a classic breakout move depending where it decides to go. Personally I would put both a buy and sell stop at entry points I marked on chart. S/L and T/P just depends on you as a trader and how much you are willing to risk.
Buy above 111.31. Stop loss at 110.45. Take profit at 113.06. Reason for the trading strategy (technically): Price has made a retracement to its entry level and looks set for another bounce for a further push up. We remain bullish looking to buy above 111.32 support (Fibonacci retracement, horizontal pullback support) for a further push up to at least 113.06...
Sell below 109.66. Stop loss at 108.23. Take profit at 110.40. Reason for the trading strategy (technically): Price has dropped strongly towards our profit target. We remain bearish below 109.66 resistance (Fibonacci retracement, horizontal overlap resistance, for a further push down to at least 108.23 support (Fibonacci extension, horizontal swing low...
USDJPY potentially BEARISH point of entry is well given till tp given.
Sell below 110.66. Stop loss at 111.25. Take profit at 108.23. Reason for the trading strategy (technically): Price has dropped perfectly from our selling area as expected and is on track to reaching our profit target. We remain bearish below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a further push down...
Sell below 110.60. Stop loss at 112.20. Take profit at 108.15. Reason for the trading strategy: Price has dropped perfectly from last week and reached our profit target. We remain bearish looking for price to drop further below 110.60 resistance (Fibonacci retracement, long term descending resistance, horizontal overlap resistance) towards 108.15 support...
Sell below 110.66. Stop loss at 111.25. Take profit at 109.14. Reason for the trading strategy (technically): Price has bounced up perfectly and reached our profit target. We now turn bearish with new elements coming into play. We look to sell below 110.66 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) for a push down to...
We see first 100 PIPS up and than 150 PIPS down. We are open both sides but in the given range
The price rejected by strong key level. I do expect price rebound either to TP1 or TP2. I will take both TPs. Good Luck. prntscr.com TAYOR
This pair is in deep correction. I will but at 382 or 50 levels. Not expecting it to go to 50 level. Goodluck
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Linked below is my USDJPY short idea. Give it a like if this has helped you in any way. Follow for more ideas and daily updates.