Hello everyone, I want share my idea about JPYX.
JPYX is in strong bear trend but this week it stop moving down and start consolidating, but its still in down trend, its stopped little time, but at the moment its stay on support LVL, which in my opinion its weak for catch price on that LVL.
On chart I am showing you the 2 possible scene what possible will happen, but for me first scene which arrow is down is more possible, I am waiting for brake that support and after retest I will short that index, but we need to be careful, because on 782 we have weekly support which is last year low.
After touch to weekly support then we can think long not only this coin, all JPY Forex pairs.
Be patient and you will be successful.
JPYX is in strong bear trend but this week it stop moving down and start consolidating, but its still in down trend, its stopped little time, but at the moment its stay on support LVL, which in my opinion its weak for catch price on that LVL.
On chart I am showing you the 2 possible scene what possible will happen, but for me first scene which arrow is down is more possible, I am waiting for brake that support and after retest I will short that index, but we need to be careful, because on 782 we have weekly support which is last year low.
After touch to weekly support then we can think long not only this coin, all JPY Forex pairs.
Be patient and you will be successful.
Note
One more Take profit here, bur now we need to be careful because we are close now to 1W support.
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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.