FX_IDC:USDJPY   U.S. Dollar / Japanese Yen
Hello traders,

The USDJPY pair opens a chance for a small trade. Even this pair seems to be losing its bullish momentum.

In 4 hr time-frame, the chart printing the candles at 110.869.

At 111.394, the market formed an impulse and reversed the trend. This point also considers as Trend resistance (saturation point).

After that, the chart printed the price momentum as a correction for the impulse.

For a long while, the price range stucks in a saturation zone and struggling to get out.

So, I’m expecting a pullback to the down. A break down yet to happen inside the correction formation.

The fall may up-to this price 110.020.

If the pullback or break down won’t appear means, end the trade at 111.340

Have a close look at the chart, watch the move and decide your trade.



Order: SELL

Entry: 110.869

Take profit: 110.020

Stop loss: 111.340

Risk Vs Reward: 1.8
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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.
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Note: Please leave comments for any query.

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


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Jul 04
Trade active: As i mentioned, saturation zone opened the gate for a small trade.

The chart forming the candles in predicted form. 47 PIPS DOWN

Jul 11
Trade closed: stop reached

Related Ideas

i think its SL hit.BTW its have any chance to go down bro? @forextamil
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