The Yen pairs are in a strong downward trend. EURJPY experienced a drop today, and it is expected that CADJPY will follow soon. The 99.0 level is a significant resistance zone, and the recent break of a small trendline into a descending wedge increases the chance of a continued downward trend.
*This is a risky trade, manage your lot size.
*This is a risky trade, manage your lot size.
Trade closed: target reached
The first target reached:Trade active
Risky bonus trade, decrease the size:Trade closed manually
Closed at the entry with a few pips profit.Note
If you guys wanna seek another entry, you can look at the key area there:Note
The trade is invalid at the moment, will arrange another post.Note
Another post:
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Related publications
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.