Price is likely to continue moving in channel, as it reversed at 130 with gap breakout from downtrend. Next target is 140.
Here we are using dynamic moving average support called VIDYA (Variable Dynamic Index) by Chande Tushar of 7 periods from daily, weekly and monthly, of the opens.
Weekly candle closed above 135, another indication it will continue higher in the trend.
Most of retailers on myxbook outlook for Yen are posititoned short, we use contrarian approach.
FOR EDUCATIONAL PURPOSES ONLY.
Here we are using dynamic moving average support called VIDYA (Variable Dynamic Index) by Chande Tushar of 7 periods from daily, weekly and monthly, of the opens.
Weekly candle closed above 135, another indication it will continue higher in the trend.
Most of retailers on myxbook outlook for Yen are posititoned short, we use contrarian approach.
FOR EDUCATIONAL PURPOSES ONLY.
Trade closed: stop reached:
Bad trade. Though I didnt trade this as I trade only EURUSD