FX:USDJPY
Entry Level: 109.850
TP: 11.850
SL: 108.42
Ratio: 2:1
Based on the daily chart, the price has closed at a key support level which it hit in mid september 2018. Note that after that it hit that resistance level, it went on a major bull run, which saw the price go from a low of 109.900 (current), to hit highs of 114.00 !! In addition, the current candle...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=110.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=110.65.
TP4: R2=110.8.
Set the stoploss of these orders at breakout of S2=109.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
