As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=107.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=105.7.
TP4: S2=105.1.
Set the stoploss of these orders at breakout of R2=107.5.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
The price is in up trend and has already rebounded from its support level. It is possible that it may hit its target very soon if it does not go below 104.118.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=104.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=105.75.
TP4: R2=106.05.
Set the stoploss of these orders at breakout of S2=103.7.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=103.15.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=101.55.
TP4: S2=101.
Set the stoploss of these orders at breakout of R2=103.45.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Hello traders
Here is analysis of USDJPY
As we can see that the current price is at the support level but it did break it
so there is a high chances of the trade going down
One can take a sell call by keping a tp of 106.600
