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Long Double Bottom Set up
U.S. Dollar / Japanese Yen
Long
Long Double Bottom Set up
By Tlokzino
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Jul 15, 2019
1
Cheer
Cheer
Jul 15, 2019
Currently the market is at key level 107.927(
PL
), therefore a 20-25 pip pullback to the downside can be expected before the real upward trend begins.
T1 trendline provides short term support in the line with the double bottom formation.
In conclusion, the overall long-term position of this pair remains bullish,
Trade set-up
Entry : 107.622
S/L: 108.419
TP 1: 108.217 (@ EMA,50)
TP 2: 108.459 (@ EMA,200)
Technical Indicators
Trend Analysis
Tlokzino
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