USDJPY - LONG @ 111.000
DESCRIPTION: UJ might be rejecting the weekly key level @ 111.500. It also is on the 38.2% retracement level (red horizontal line on the chart) on a weekly timeframe (see in the comments). It has also formed a double bottom and is now retesting the small trendline (black arrow).
ENTRY: Enter at the trendline retest.
TARGET: I'm targeting the next structure resistance and psychological resistance @ 112.500 (Large Quarter).
STOPS: Will be placed below the double bottom.
ENTRY: Enter at the trendline retest.
TARGET: I'm targeting the next structure resistance and psychological resistance @ 112.500 (Large Quarter).
STOPS: Will be placed below the double bottom.
Note
Note
STOPS placed @ breakeven.
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.