Uj
Clear Breakout Trade Plan On UJHello Traders
Back with another tactical trade plan
Today we take a closer look at USDJPY that has just broke out from an uptrend momentum.
The overall trend is still bearish even though previous upside impulses had some impact but didn't change the overall sentiment.
Here my entry point is based on the retracement on the break out point.
If there is further spill this trade idea will be rejected so further downside without any retracement whatsoever is also a possibility .
We are expecting things to play out in the exact same way as the trend lines and arrow projections indicate otherwise the trade plan will be cancelled.
Traded safe trade well
USDJPY Technical Analysis We can see the uptrend on the USDJPY and we are looking at a BUY if we do break resistance at 108.000 and movie up to first take profit close to the resistance at 108.136. If we do break support however we are looking at a very nice downtrend until at least 107.400. Let's go champs!