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U.S. Dollar / Japanese Yen
Long
Updated

Buy UsdJpy

161
USDJPY
The 110.5 is a key support and resistance area. We were to go long as long as price didn't close significantly below the area. Our bullish sentiments have increased after the formation and completion of a bullish gartley.
The yen though seems to have opened up the day in strength so make sure to have your stops on.
Note
Trade playing out well.
On Monday morning feel free to move stop loss to break even to make it a risk free trade.
snapshot
Trade closed: target reached
KKN_Investment_Limited
Also on:
Fundamental AnalysisHarmonic PatternsSupport and Resistance

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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.
Fundamental AnalysisHarmonic PatternsSupport and Resistance
KKN_Investment_Limited
Also on:

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.