forextamil
Long

USDJPY: JAPAN OPENS NEW WEEK WITH A SURPRISE-POSSIBLE BEAR

FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Hi all,
The Japanese yen got little nitro to fly down. This week starts with a downfall momentum.

The data suggesting that Japanese trade is in good health and raising tension with USD.

The yen is one of the most traded currencies in the world, especially due to its low-interest rate since the Yen is used to carry trades.

USDJPY currently in a bullish channel , entering into a strong support zone .

In a day time-frame, the chart printing the signals in favour of yen. On a closer look, we can see the impulse right before the current price.

Those impulses are, intend to run the market down. But the correction stabilized the market.

Although, it doesn't have enough potential to take a turn.

So, there is a possible bear show.

I'm expecting a nice impulse for the whole way down.

In- case the signals continue to travel as a correction means, close the trade at 111.376.

Eyes on the chart and decide your trade.

Happy trading.

SIGNAL SPECIFICATION:

Pair: USDJPY

Order: SELL

Entry: 110.469

Take profit: 108.129

Stop loss: 111.376

Risk Vs Reward: 2.58


Our Unique Features:

1. Follow our 15 signals ….10% equity will increase in your account for sure.
2. We are not Trailing stop! or average the trades.
3. 2% Risk Management Per trade.
4. Risk vs Reward up to 1:7.
Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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Jun 19
Trade active: Chart printing the signals as an impulse. (77pips down.)

This is another confirmation for the bear show.

Happy trading.

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