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D-uj

USDJPY: Looking for Long entryPossible trade plan for NEXT WEEK. (currently Friday, not a good time to enter a trade). So this is posted just to observe action on Friday and the Monday will be possible entry watch. This is based on TA only, have been out of touch with Fundamentals. Looks like UK downtrend might be turning (USD in general). First EW impulse waves have had extended wave 5's, to be a very bullish signal. Waiting for retrace to look for entry. 107.00 would be the ideal range to watch if it retraces that far.
Long
by EuroMotif
8
POTENTIAL UJ LONG IF PRICE BREAKS WEEKLY RESISTANCE AT 108.5LVLThis trade will be valid once price breaks the weekly resistance level at 108.5. If price breaks this zone, it will likely retest this level once before flying up to the higher resistance level at 113. It is better to catch this trade on the retest as it will serve as confirmation, increasing the likelihood of your trade winning. Note, this trade is not valid until the resistance level is broken and retested at least once. However, if this level is not broken, it provides a potential opportunity for a short position.
by pipionaire
1