romankuvaev

Simple idea for USDJPY

Short
romankuvaev Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
1. Hit weekly resistance zone
2. 8-9 days of consolidation
3. Strong move down side
4. Retest of weekly resistance zone
5. Continiue to move down side

I can clearly see weekly support zone from 109.900 to 109.700, also on dayli chart we can see strong pin bar, so i would say that our first target is 110.500, second target is 110.020. Weekly first target is 109.900 and second target is 109.700.
Comment:
Reached first TP
Comment:
Reached second and third TP, very nice
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