Description
⋅ Friends,
Here are the reasons for shorting USDJPY
1) This is Yen weighted average. See where it is now. Basic wedge formation rule suggest a bounce at the lower band of the wedge.
2) Yen bonds bouncing and stronger Bonds means stronger Yen.
3) Yen Yields are pulling back
4) JXY H&S breakout and now I am expecting a visit to the neckline
See doji on daily
Comment
⋅ Comment
⋅ Beautiful Shooting start on this pair is the main ingredient for having a nice weekend ;)
Have a great weekend Friends.
KHAN
Comment
⋅ Comment
⋅ Is this a false breakout of the previous day's high?
Comment
⋅ A bounce expected before hitting the target
Trade closed: target reached
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