🔸usdjpy 8 hour chart overview with xabcd advanced sell setup, speculative setup.
This is an advanced entry xabcd setup in progress, recommended strategy is to short sell from
resistance once we max out near point C this may take 6-12 days. currently the pattern structure
got point X/A/B confirmed, point C/D still require confirmation.
🔸The xabcd pattern is defined by point X at 128.20, point A at 137.20, point B at 130.20,
point C at 135.30 and finally point D at 125.50 based on 127 extension.
Point C/D is in progress, not confirmed yet, therefore this is a higher risk setup.
🔸Recommended strategy for USDJPY: bears should look for price to max out near point C
at 135.30 and look for a reversal trade entry, SL over point A and conservative TP based
on fibonacci of the latest price swing will be set at point D, which is 125.50.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
This is an advanced entry xabcd setup in progress, recommended strategy is to short sell from
resistance once we max out near point C this may take 6-12 days. currently the pattern structure
got point X/A/B confirmed, point C/D still require confirmation.
🔸The xabcd pattern is defined by point X at 128.20, point A at 137.20, point B at 130.20,
point C at 135.30 and finally point D at 125.50 based on 127 extension.
Point C/D is in progress, not confirmed yet, therefore this is a higher risk setup.
🔸Recommended strategy for USDJPY: bears should look for price to max out near point C
at 135.30 and look for a reversal trade entry, SL over point A and conservative TP based
on fibonacci of the latest price swing will be set at point D, which is 125.50.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Note
usdcad 8h swing trade setup best level to buy/hold
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💎Syndicate Black
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💎GOLD EA target 100%+ gains/week
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t.me/syndicategold001
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.
taplink.cc/black001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
💎Syndicate Black
⚡️Gold/Forex auto-trading bot
📕MyFXBOOK verified 500%+ gains
💎GOLD EA target 100%+ gains/week
🚀supercharge your trading
💎75% win rate free gold signals
t.me/syndicategold001
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.