USDJPY has consolidated in a wedge. Divergence is spotted on both MACD and RSI indicators. A break out of the wedge is due. Price is at support level. A long is recommend at support level or after price breaks out of the wedge.
Trade plan:
- Buy limit @105.50
- Stop loss @105.00
- Take profit @108.00
Stay Tuned.
Trade plan:
- Buy limit @105.50
- Stop loss @105.00
- Take profit @108.00
Stay Tuned.
Trade closed manually
Priced broke down. Trade closed.
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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.
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.