Long based on divergence and Clones Support zone
This is an counter trend trade based on Clones support zone and divergence. I am not expecting much but tp of 30 to 100 pips with the risk of 22 pips
Look at weekly or daily chart to see why this zone is so critical for USDJPY. If the current support zone is taken out then we may expect deep down.
Look at weekly or daily chart to see why this zone is so critical for USDJPY. If the current support zone is taken out then we may expect deep down.
Comment:
weekly chart
Comment:
stop moved to entry price
Trade closed manually:
closing the trade ,Japan PM Abe to speak shortly
I am a Chart Slave.Thank you TradingView and @nmike.