elmakacho

JPYX Analysis. Another signal.

Long
elmakacho Updated   
PEPPERSTONE:JPYX   JPY Currency Index
Hello Everyone. After long time i want share my idea about JPYX which will be signal.
After big and bearish movement we need somewhere correction bearish trend is strong but at the moment its weak and i see more buyers than sellers, i will try catch the bullish little movement and then i will make another analysis which will be short.

after bearish movement we have price consolidation where se see liquidity both side, last time price make pretty strong up movement with high volume which gave me some interested area and ill try open from here my long.

Open position - 769.2
Stop loss - 766.7
Take profit - 777.0

If my price prediction will be right at the index, i will long most JPY pairs.

Good luck everyone!!!
Manage your risk!!!
Trade active:
At low timeframe it gave me perfect opportunity for enter long position. we didn’t have big move but its looking pretty good. i will long all JPY pairs.

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