USDJPY possible 2618 after breaking the down channel
UJ broke the down channel, making higher high and higher low on 4H. On daily we have a strong reversal signal, Morning star formation at a good support level and the kiss of the daily 200 MA. Now price is at resistance, and we have bearish hidden Div on RSI, that level may give UJ a bounce down and that possible correction may give you a 2618 trade long.
Trade active
Order triggered!Note
Book some profit here guys!Note
Now i hope you took some profit when i said take profit :)Trade closed: stop reached
Sorry for late update guys, the second part of the position was stopped out at BE.
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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.