USDJPY DAY TRENDLINE BREAKOUT!!
Will the USDJPY produce a phoney breakthrough or not?
We could still make entries with smart money management as long as there is enough support.
These are the trade confirmations:
1. Day chart trendline (resistance breakout and retest)
2. Two firm supports on the two-hour chart
3. There is a chance that it may hit the resistance in the 1 Month chart.
Buy Limit entry: 144.238
Another Buy Limit Entry: 143.85
Stop Loss: 143.738 (50 pips)
Take Profit 1: 144.878 (64 pips)
Take Profit 2: 145.988 (175 pips)
If you leave a comment with a chart, I will analyse it for you.
Please stay tuned for additional analysis.
We could still make entries with smart money management as long as there is enough support.
These are the trade confirmations:
1. Day chart trendline (resistance breakout and retest)
2. Two firm supports on the two-hour chart
3. There is a chance that it may hit the resistance in the 1 Month chart.
Buy Limit entry: 144.238
Another Buy Limit Entry: 143.85
Stop Loss: 143.738 (50 pips)
Take Profit 1: 144.878 (64 pips)
Take Profit 2: 145.988 (175 pips)
If you leave a comment with a chart, I will analyse it for you.
Please stay tuned for additional analysis.
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