Technical Analysis for
USDJPY
on H1 chart above was initially planned for the short term range within the level of (Support) 101.80 - 102.50 (Resistance). Consisting of 70 pips in total accumulation in between those levels. R:R = 1:1
Key Factors for this setup are the PA swings, Closed Candlestick, and the up/down-trends strength to plot for the PO Buy Cheap/Sell Expensive
Target Profit of 20-30 pips on a single directions. Be it, LONG/SHORT.
Look for a good entry and recommended to set for the Stop/Limit order. All the best. Trade Success.
USDJPY
on H1 chart above was initially planned for the short term range within the level of (Support) 101.80 - 102.50 (Resistance). Consisting of 70 pips in total accumulation in between those levels. R:R = 1:1 Key Factors for this setup are the PA swings, Closed Candlestick, and the up/down-trends strength to plot for the PO Buy Cheap/Sell Expensive
Target Profit of 20-30 pips on a single directions. Be it, LONG/SHORT.
Look for a good entry and recommended to set for the Stop/Limit order. All the best. Trade Success.
Trade closed: target reached:
After the Asian session we had our limit/stop orders in place to trap the bear/bull in either both directions. This is how it looks like...
Comment:
But to anyone who strongly believe that the UJ will continue its momentum down and falls towards the 100, u can add this level here. But please have a good MM plan before you trade. Happy Trading
