U.S. Dollar / Japanese YenUpdated USDJPY - Get In On This Massive Swing 😱
USDJPY is approaching a key level for reversal. We have the convergence point between the parallel channel and the ascending correction. By using this, we can keep a really tight SL and get a great RR for a swing trade.
Trade Idea:
- Watch for bearish price action at the convergence zone indicated in the chart
- Risk entry on rejection, Safe entry on break of red ascending trendline
- First TP would be the ascending correction support (380pips)
- Second TP would be a swing TP at the parallel channel support (1000pips)
Don't miss this!
Goodluck and as always, trade safe!
Trade Idea:
- Watch for bearish price action at the convergence zone indicated in the chart
- Risk entry on rejection, Safe entry on break of red ascending trendline
- First TP would be the ascending correction support (380pips)
- Second TP would be a swing TP at the parallel channel support (1000pips)
Don't miss this!
Goodluck and as always, trade safe!
Note
BOOM!
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.