Hi traders,
we´re looking at USD/JPY that recently turned into a downtrend due to USD weakness. We expect USD to continue being weaker. If the price can make it back to the latest resistance level at 0.61 retracement level. Also if the downslopping trend line will be hit, there is a good low-risk entry for shorts. Target as shown on the chart forming a b¡double bottom at the latest low.
we´re looking at USD/JPY that recently turned into a downtrend due to USD weakness. We expect USD to continue being weaker. If the price can make it back to the latest resistance level at 0.61 retracement level. Also if the downslopping trend line will be hit, there is a good low-risk entry for shorts. Target as shown on the chart forming a b¡double bottom at the latest low.
Trade active:
Entry reached. The price got rejected from the downsloping resistance.
Trade closed: target reached:
target reached. congratulations
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