TradingView
ap8forexchange
Feb 19, 2018 6:29 AM

PITCHFORK - Forex USDJPY Weekly Analysis Feb 19th - 23rd , 2018 Long

USD/JPYOANDA

Description

BUY USDJPY
Area: Pitchfork Lower Line
Channel Pitchfork - Descending

Entry: 106.600 - Lower Line
Target Profit: 107.500 - Median Line
Next Target Profit: 108.700 - Upper Line
Stop Loss: 106.600

Reward Potential: 210 pips
Risk: 60 pips

Reason:
1. Looking at Price are moving back to pitchfork channel, highprobability to hit median line.
2. US Dollar also have made rebounce on weekly lower line pitchfork . Expecting strong US Dollar and demand in the coming weeks.

Trade closed: target reached

Comments
ap8forexchange
*Correction on 'Target Profit' - Median Line (107.500)
More