USDJPY Daily candle closed bearish last Friday rebounding away from resistance of 114.20, expecting some further downside.
Reason :
- Strong resistance area on 114.20.
- EMA21 crossover on H4 chart.
- Potential to reach next support points :
Entry point Short : 113.50 area ; TP1 : 112.70, TP2 : 112.20 ; SL around previous D1 candle high 114.15 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Reason :
- Strong resistance area on 114.20.
- EMA21 crossover on H4 chart.
- Potential to reach next support points :
Entry point Short : 113.50 area ; TP1 : 112.70, TP2 : 112.20 ; SL around previous D1 candle high 114.15 area
Risk Reward 1:2.2
Always remember to trade with stop-loss, market is crazy & cunning*
Trade active:
Entered my Short position at CMP 113.60, placing a SELL limit on 113.85-90 area if price go up further.
Trade active:
This pair is testing some patient over here, trade still holding.
Be patient and good luck all traders !
Be patient and good luck all traders !
Trade closed: target reached:
Hit 112.25 low, closed all my position.
A great call on this pair, happy profit for those who followed.
A great call on this pair, happy profit for those who followed.
Comment:
TP2 : 112.20 hit.
Next landing point - 119.90
Next landing point - 119.90
Comment:
111.90* hit!
If today's daily candle closing below 111.80, next target area will be 111.10.
If today's daily candle closing below 111.80, next target area will be 111.10.
Comment:
110.50 low hit !
A totalling of 300pips straight down on my call, PATIENT is the key.
A totalling of 300pips straight down on my call, PATIENT is the key.
Comment:
New idea posted :
Strong bearish daily candle closing, awaiting further downside to TP2.