4 hours timeframe of USDJPY
1.At the third reaction of lower high and low, you can see the market chart was consolidated at the highest currency points of 111.50
2.Not only that, three of spike candles were resisted at the resistance region of 111.50, so that the market was continually to form market downward and breakdown the supporting trend line to 109.60
3.Condition of forex trading account:
Real account on XM Trading: $ 45.06
Lot Size: 0.01 per trade compounding
Entry Price Level: 111.383
Take Profit Level: 109.60
Stop Loss Level: 111.842
Risk and Reward: 3.88
1.At the third reaction of lower high and low, you can see the market chart was consolidated at the highest currency points of 111.50
2.Not only that, three of spike candles were resisted at the resistance region of 111.50, so that the market was continually to form market downward and breakdown the supporting trend line to 109.60
3.Condition of forex trading account:
Real account on XM Trading: $ 45.06
Lot Size: 0.01 per trade compounding
Entry Price Level: 111.383
Take Profit Level: 109.60
Stop Loss Level: 111.842
Risk and Reward: 3.88