We now have 3 completed Structural Failures, this means downtrend is now in force and we should see more lower prices in the usdjpy.
Add to shorts below 108.45 and our initial stop loss is at 108.93 area.
Below 108.45, move SL to 108.72.
Initial Traget is 106.48.
Add to shorts below 108.45 and our initial stop loss is at 108.93 area.
Below 108.45, move SL to 108.72.
Initial Traget is 106.48.
Trade active
Note
Downside Momentum?Trade closed manually
26 Pips. No follow through to the downside. its weekend and anything can still happen where pice is currently trading. We will assess on monday.Trade active
usdjpy- Re-Entry: DiscountSo we closed this position at the close of the market on friday. Another chance to re-enter at a discounted price in expectation that we will see 108.45 break with momentum which is the key.
Note
THIS IS IT!!! FINAL CONFIRMATION
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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.