The Yen looks poised to rally. On the Hourly chart a good setup with excellent risk reward is setting up.
If the market can show strength through the swing high, all Pivots are aligned for a strong support launch.
Go long if the market trades through 108.63 and place a stop loss at 108.34. Take profit at 109.39.
If the market can show strength through the swing high, all Pivots are aligned for a strong support launch.
Go long if the market trades through 108.63 and place a stop loss at 108.34. Take profit at 109.39.
Order cancelled
The market sold off instead of the anticipated rally. Hence, no trade, no risk and no losses:)We'll wait for the next opportunity.
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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.