USDJPY - Sell Potential for Today
Trading Plan with LT
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- Price Action: Price has been impulsive from the 07/11 to 10/11. In order for us to resume our buy we need sellers to be in the Market. Price going below 104.820 will definitely induce sellers for a potential buy later on.
- Fundamental: Any news that makes JPY strong and USD weak for now will do but remember the bigger and long term is to the upside.
- Technical: We are in wave 4 i believe and about to complete wave c. After wave c we can go for wave 5 or we can also make a complex structure.
Manage it Well
Cheers
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Trade closed: target reached
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