This is an aggressive entry into a swing long for USDJPY, a more conservative entry would wait on the close of Monday / Tuesday's Candle above the extended trendline formed by waves 1 & 3.
The risk to reward on this trade is very good. Let's see what happens.
The risk to reward on this trade is very good. Let's see what happens.
Note
This pair is consolidating and gathering orders, will be watching the price action carefully to determine the next move of this pair.Order cancelled
Too much uncertainty with mixed signals from technical & fundamental perspective. Won't be taking this.
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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.