USDJPY, D1, short - pinbar on resistance + downtrend
Reason to trade: Resistance stops price + bearish pinbar + longterm downtrend
Stop Loss: Setup will be active as long as current resistance stops the price (~107.997)
Take Profit: Possible take profit area are last lows (~104.821, ~101.022)
Stop Loss: Setup will be active as long as current resistance stops the price (~107.997)
Take Profit: Possible take profit area are last lows (~104.821, ~101.022)
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.