USDJPY Timeframe: 1 hour Short Day Trading Position Take Profit @ 143.633 SL: 144.203 (continue the bullish trend) The pair was in a sideway tunnel for a week, and broke the tunnel up yesterday. But because of the long wick few candles before, it is more likely to go back down for a correction to the last tunnel support that has broke it up recently, which is our target.
I would be grateful to get your feedback for this idea if you have any opinion to share ✽ Esteem your Analysis and seek improvements ⌁ ↝✔ @AbdullahTech ♾
@Mckhosi, obviously the federal reserve decision to increase the interest rate today will affect this pair to back heading up as you said, which will take place in around two hours now
AbdullahTech
⋅
@Mckhosi, the idea seems to be invalid :) I have just noticed in the volume profile that the point of target is actually a strong volatility support!