Last week saw a decline in USDJPY. After seeing this decline, i expect price to rally for the short term which would give sellers ample time to get in the market to continue the decline.
You will now see compression into demand where demand zones will keep on creating until price meets a strong supply zone up top. That's where our TP will be, because near that area is where the huge sell-off came from last week and that was no fluke!
Take care til we meet again!
P.S.: I entered this trade a few minutes ago myself so I have my stoploss below this daily candle low.
Trade active
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Trade is active and is up 20 pips. Move SL to entry for a risk-free trade.
Trade active
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Trade is still running and up 60 pips. Still a risk-free trade as stop loss is in profit.
Enjoy!
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Up 80 pips now, still holding.
Enjoy the weekend!
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Just an update, we got 10 more pips to end the week on 90 pips.
TP is 50 pips away!
Til we meet again beloved!
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Great start to the week, this pair gapped up and TP is 30 Pips away!!
Trade closed: target reached
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And now we have smashed TP, goijg to prepare setups for sells soon.
140 pips in the bag! Congrats to all who stayed with me on this trade from last week into this week.