Usd/Jpy - Retracement within the bigger picture.
Usd/Jpy - 2H Chart.
Price have been bearish since we saw a false break on the 10th of January this year.
Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure.
Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea.
The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern.
Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg.
I will cancel order if we print a new low without a fill.
Price have been bearish since we saw a false break on the 10th of January this year.
Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure.
Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea.
The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern.
Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg.
I will cancel order if we print a new low without a fill.
Dagangan ditutup secara manual
Dot like this price action. Closing the trade at break even and will continue to monitor.
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.