USDJPY Lower High forming ?
Updated
- After yesterday Lower Lows, we might be seeing a Lower High form today.
- This new high appears to be forming at the top of a pitchfork channel
- Stochastic confirm it's overbought
Entry :
-If this candle close inside the pitchfork or if the next one engulf the previous bullish candle, Sell at market price
- Sell Stop set at 102.600
Exits :
- S/L a few pips above previous high at 102.760 then once the price is past my support area, I'll trail my stop above each swings.
- T/P at the bottom of the pitchfork hopefully
- This new high appears to be forming at the top of a pitchfork channel
- Stochastic confirm it's overbought
Entry :
-If this candle close inside the pitchfork or if the next one engulf the previous bullish candle, Sell at market price
- Sell Stop set at 102.600
Exits :
- S/L a few pips above previous high at 102.760 then once the price is past my support area, I'll trail my stop above each swings.
- T/P at the bottom of the pitchfork hopefully
Trade active
Sell Stop triggered at 102.600Trade closed: stop reached
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