USDJPY: 300 pips plus for UJ short trade.
Traders,
After hitting the top, now UJ is dropping with its new descending channel.
The reflection point A of the channel is expected at 112.
And dropping deeper after a correction inside the channel by hitting b, giving a more steep channel.
Final buying zone is 110.5- 108.2.
So ,now if you setup sl up higher than last top 114.5, you can enter short anytime.
otherwise, its wise to wait for a correction B.
Either way, 300 pips plus for UJ short trade.
Less is more!
After hitting the top, now UJ is dropping with its new descending channel.
The reflection point A of the channel is expected at 112.
And dropping deeper after a correction inside the channel by hitting b, giving a more steep channel.
Final buying zone is 110.5- 108.2.
So ,now if you setup sl up higher than last top 114.5, you can enter short anytime.
otherwise, its wise to wait for a correction B.
Either way, 300 pips plus for UJ short trade.
Less is more!
Comment:
Comment:
UJ straight down to fibo 618 110.6.
Comment:
from 112.4 down to 110.6, the short trade is closed by making 180 pips.
Comment:
Comment:
3 tps for UJ's correction wave.
Trade closed: target reached:
just to record: this short trade has been closed.