TKM2008

TKM2008

As we can see in the strong buy in the uptrend initially moving up 211 pips in 42 hours, the current buy is only able to move up 114 pips in 58 hours, taking longer to move up yet only half the distance. This information tells me that the buyers are dying out and can't continue the uptrend Price also had stopped making HL and HH which is what a strong uptrend...

TKM2008

Gross Domestic Product (GDP) high impact report for USD was bearish. Looking at correlated currency pairs for USD too, all told me to sell USD pairs, I chosen to sell USDJPY as it was in seller's territory after seeing the buyers die out. Took at entry, with SL at its recent high, TP as much as the SL with a RR of 1:1.