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ForecastCity_ME
Jul 20, 2021 9:31 AM

πŸ’‘Don't miss the great sell opportunity in USDJPYΒ Short

U.S. Dollar/Japanese YenFXCM

Description

β‹…
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (109.53).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 49.

Take Profits:
TP1= @ 109.31
TP2= @ 109.06
TP3= @ 108.81
TP4= @ 108.63
TP5= @ 108.39

SL: Break Above R2

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Comments
salesshivam7
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sl hit
SUBBA29
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which time frame working this
strazy can u explain to us...?
ameermadd
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@SUBBA29, The chart is of 1H
davidgolandak
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Thank you so much.
ForecastCity_ME
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@davidgolandak, Most welcome
DenizKilicDeniz
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Thank you for this nice idea.
ForecastCity_ME
β‹…
@DenizKilicDeniz, You're welcome
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