Looking very likely that a Crown topping pattern is forming on the USDJPY several failed attempts to break and close above 145. Although the Dollar has been dropping the last week after nearly hitting 115 the USDJPY has been moving in a sideways range between 144 and 145 indicating period of distribution which is likely an unwinding of long positions after the...
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welcome to another free trading-setup.
A little bit later here than on telegram but I hope you can catch it!
USD/JPY: Daytrade-Execution
Market-Sell-Order: 109.800
Stop-Loss: 109.920
Point of Risk-Reduction: 109.740
Take-Profit: 109.350
Stop-Loss: 11 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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We have the USD/JPY exchange rate is a clearly defined short sell channel.
The fundamentals driving a weaker dollar is the rest of the world recovering from the Pandemic in 2020 on the vaccine news, which means the U.S will no longer outgrow the rest of world economies as it did between 2018 - 2020.
We look at sell set ups with entry price, stop-loss price and...
Hey tradomaniacs,
welcome to a new free trading-setup.
USD/JPY: Daytrade-Preparation
Notice:
Waiting for break of neck-zone and trendline.
Volume, momentum and volatility has to confirm before we place a sell-order.
Market-Sell: 106,325
Stop-Loss: 106,620
Target 1: 106,015
Target 2: 105,850
Target 3: 105,700
Stop-Loss: 30 pips
Risk: 0,5 % - 1% ...
