The JPY pairs have recently entered a bearish trend and USDJPY has received high volume pressures due to today's news. I expect it to start moving today and perform a similar outcome to EURJPY. There are two different entry options with different risk levels. The first option is to enter now and risk 0.5% with a tight stop loss. The other option is to wait for the trendline to be broken and a lower high to be formed, which will be a safer entry point.
Hit the rocket button if you support my analysis :)
Hit the rocket button if you support my analysis :)
Trade closed: stop reached
The first attempt failed, -0.5%, we will wait for another opportunity.Note
That will be a golden spot, be patient:Trade active
reentered, 0.5% risk:Note
The new post will be update here:
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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.