It seems like we can be witness of a nice bounce trade for Kiwi Yen. We have Chikou span that is free with Bullish TK Cross and future indicating more bullish run ahead of us.
USDJPY Indicating further downside movement to come.
Considering a possible SUN/MON 'pop' up to 111 - 111.2 where I will be looking to sell with a maximum of 35 pip stop loss
Minimum of 3:1 Reward to Risk with targets between 110 and 109 :)
I am not (yet) a licensed financial adviser and this analysis does not constitute as financial advice. This is for...
Price took out two previous lows and got rejected from my support level. It also formed a double top.I put the SL @ 1.2247 and my Target @ 1.2326 just below our next level of Resistance. My entry is at 1.2263 so my SL is 19 pips and my target is 60pips. That is a nice R:R of 1:3.
First idea publishing lol
Zone to Zone £$£$
Chart should be pretty self explanatory...
Entered my position last night before i went sleep and forgot to publish lol but i believe we can re enter the trade next week so lets see how it turns out.
Will keep you all updated in the comment section below. Have a great weekend!
