USDJPY LONG
Market found some support at weekly level
Got what looked like an inverse head and shoulders on the 1hr
the right should coincided with the 61.8 Fib giving an area of value to take the long.
Dollar index was at the bottom of a h4 range poised to make a leg to the upside and EU had created a double top indicating weakness
Got what looked like an inverse head and shoulders on the 1hr
the right should coincided with the 61.8 Fib giving an area of value to take the long.
Dollar index was at the bottom of a h4 range poised to make a leg to the upside and EU had created a double top indicating weakness
Trade closed manually
TP at 108.50 which was the upper end of the wedge formation and gave me the monetary amount I was looking for.The market then reversed 10-15 points.
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.
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.