Dolar A.S. / Yen JepunSingkat
Pending Short USD/JPY near 103.7X/8X region
I posted a similar chart 3 weeks ago: tradingview.com/v/LFbOjyvX/ but that chart is buried down below my recent charts, so I figured I'd just post a new chart now. The 103.7X/8X region was previously support and might turn resistance now, it'll also be the first time that we're testing this region as well.
I'm still holding one long entry from 101.35 based on this chart: tradingview.com/v/WAjADwpZ/. I will be looking to exit my long and enter a short when price hits the 103.7X/8X region. Price managed to hit 103.4X today and has since retraced back down to 103, which seems to be holding as support for now. Hopefully with enough bull power, price will test the 103.7X/8X region to allow for possible short entries.
Given the previous support region of 103.8X up to 104.2X, I'd set my SL above 104.3X (~50 pips).
Targets depend on how markets react, do we range or do we continue trending down?
Ranging markets would set the TP at the low to mid 101.XX region.
Trending markets would set the TP below the 100.8X level.
I'm still holding one long entry from 101.35 based on this chart: tradingview.com/v/WAjADwpZ/. I will be looking to exit my long and enter a short when price hits the 103.7X/8X region. Price managed to hit 103.4X today and has since retraced back down to 103, which seems to be holding as support for now. Hopefully with enough bull power, price will test the 103.7X/8X region to allow for possible short entries.
Given the previous support region of 103.8X up to 104.2X, I'd set my SL above 104.3X (~50 pips).
Targets depend on how markets react, do we range or do we continue trending down?
Ranging markets would set the TP at the low to mid 101.XX region.
Trending markets would set the TP below the 100.8X level.
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.