USDJPY is tumbling to a new five-month low near 106.78 today, struggling within the downward sloping channel.
Bearish trend line has been broken and the divergence has been confirmed, so there could be an upward correction.
I will use a tight stop loss to block the position in case of further downward power that could further depreciate the dollar.
Cheers,
Andrea
Bearish trend line has been broken and the divergence has been confirmed, so there could be an upward correction.
I will use a tight stop loss to block the position in case of further downward power that could further depreciate the dollar.
Cheers,
Andrea
Trade active
Trade closed manually:
Reversal correction.
Closed with +60 pips.
Closed with +60 pips.
Comment:
Nice Move!