Position Trade - USDJPY
In the Monthly Chart,
- Price is showing exhaustion after rallying and is in correcting itself back to the Supply zone
- Hence, there are aplenty of SHORT opportunities in the lower TFs
- Also, if one place a trade from the FRESH MN area, do prepare to hold for a long time.
- The chart candles formed are also good and strong ones, compared to the MESS to the left of the chart
A pending SELL limit order has been placed on the Monthly chart on 30 May 2023
In the Weekly Chart,
- For smaller risk, find the zone to sell from
In the Daily Chart,
- There are 2 zones to sell from
In the Monthly Chart,
- Price is showing exhaustion after rallying and is in correcting itself back to the Supply zone
- Hence, there are aplenty of SHORT opportunities in the lower TFs
- Also, if one place a trade from the FRESH MN area, do prepare to hold for a long time.
- The chart candles formed are also good and strong ones, compared to the MESS to the left of the chart
A pending SELL limit order has been placed on the Monthly chart on 30 May 2023
In the Weekly Chart,
- For smaller risk, find the zone to sell from
In the Daily Chart,
- There are 2 zones to sell from
Comment:
Pending SELL orders have been placed
Trade active:
this trade will be closed once market opens, and a new analysis will be done for this pair.