INFINITY TRADES USD/JPY
Here we have a great example for a bullish continuation as you can see a clear market making higher highs and higher lows. We're anticipating a pull back upon market open to retest this key previous daily resistance price @110.00 (handle) as the new weekly candle will be making its lower body/shadow before correcting its self, i would like to see a clear indication of buying pressure around this price to confirm the role reversal for our potential entry, after confirming our entry we should see a re test of the 110.45 price as this is a key previous support we will alleviate risk at this level. Once we see a break and a close above this price we should see a bullish week moving up to re test the 111.35 area again a key previous support we would expect a profit take at this price hence why we wouldn't won't to hold this trade after a retest of this zone our stop loss is simply below the key daily resistance and also below a previous consolidation zone.
Nota
We have placed a buy limit order!Nota
pending order deleted after target area was tested before reaching our entry price
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.