IvanBonilla
Long

USDJPY in big correction

FX:USDJPY   U.S. Dollar / Japanese Yen
264 views
7
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I expect USDJPY to finish an ABCD correction in order to reach 121 price range with a max price of 122, once there we hope to find resistance, lets swing it! and as always DO NOT forget to place your SL.
Comment: Close up ;)
Comment: usdjpy let's step up the ante!!
Comment: UJ facing some resistance at 50% channel, this is key level enjoy!
Comment: Looking for a potential reversal to 115,000,
trade plan is
SL 108.000
TP 115.000
Comment: 5.0 key pattern for reversal, going to target $120,000 cheers!
Are you expecting a short now, instead of your pattern completion? Thanks
Reply
IvanBonilla fxrandal
@fxrandal, Hi! that is the perfect question! my sentiment is bullish, and I hope for a strong continuation to the highs, however, that red line you see crossing price is EMA 800, please notice how it has worked as resistance and support, I will hold my longs until new pattern is created aka 112.200, otherwise I have my sellstop order placed 111.200 just below channel
Reply
fxrandal IvanBonilla
@IvanBonilla, Thank you, I appreciate your insight!
Reply
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