Hi Traders!
USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks.
Here are the details:
The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low.
Preferred Direction: Sell
Entry Level: 146.750
Stop Level: 148.598
Target Level: 142.862
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks.
Here are the details:
The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low.
Preferred Direction: Sell
Entry Level: 146.750
Stop Level: 148.598
Target Level: 142.862
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Trade closed: target reached:
