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velmunis
Oct 6, 2020 5:14 PM

USDJPY SWING TRADE Dt 06-OCT-2020 Long

U.S. Dollar/Japanese YenFXCM

Description

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USDPY is trading in a tight 80 pips range from September 23 to until now and its lacking some major catalyst and its trading within 105.00 to 105.800 range

It has broke the upper side of the trend line. We may expect retest around 105.200 level from this level we can buy with the swing target of 106.800. Stop lose may placed below the 104.414 level

SWING TRADE - USDJPY
Buy @ 105.200
Take profit @ 106.800
Stop lose @ 104.350

160 pips target

Kindly follow the risk management <Don't risk more than 1% of your capital

Trade active

USDJPY has broke the range and its in bullish trend
Comments
PolarHusk
Consolidating outside the trendline, let's hope for an upside breakout soon. Thanks for sharing your idea 🐻‍❄️😃
velmunis
@PolarHusk I am expecting bullish run after the consolidation.
velmunis
@PolarHusk thanks brother
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