by getting more strength on JPY index now this pair has strong chance to drop.
so based on the strategy on the chart if the price break the dynamic support level
or the trigger level, downward pressure has chance to continue more.
if you set short position a proper stop loss would be above 149.5 level.
we also could have more sideways hours in to the area before any strong move.
Enjoy the market
#WOMAN. LIFE. FREEDOM
so based on the strategy on the chart if the price break the dynamic support level
or the trigger level, downward pressure has chance to continue more.
if you set short position a proper stop loss would be above 149.5 level.
we also could have more sideways hours in to the area before any strong move.
Enjoy the market
#WOMAN. LIFE. FREEDOM
Trade active:
broke the level as expected
Trade active:
still bearish
Trade active:
retested the trigger zone but still bearish in longer time frames
so the strategy is the same.
so the strategy is the same.
Trade closed: target reached:
hit the target but still bearish and can test lower area on the chart below.
Trade closed: target reached:
and touched the second target as expected.
Comment:
will keep dropping to the demand area.
