USD/YEN Update!
If break out is legit, we should go lower soon.
Last week we broke out of an ascending formation to the downside. We retraced quite a bit, since than and it is really testing my patience, however i still like to short it. IMHO it should turn soon, to give a confirmation of a legit break out. The descending pitchfork looks decent, i wouldn't trade of it as of now. A break of ascending slope line on 30-min chart has to happen first.
Entry ~ on break of slope line.
Stop loss ~ 109.16
Target 1 ~ November low @ 107.886
Target 2 ~ October low and 61.8 retracement @ 106.4
30-min Chart
Daily Chart
Last week we broke out of an ascending formation to the downside. We retraced quite a bit, since than and it is really testing my patience, however i still like to short it. IMHO it should turn soon, to give a confirmation of a legit break out. The descending pitchfork looks decent, i wouldn't trade of it as of now. A break of ascending slope line on 30-min chart has to happen first.
Entry ~ on break of slope line.
Stop loss ~ 109.16
Target 1 ~ November low @ 107.886
Target 2 ~ October low and 61.8 retracement @ 106.4
30-min Chart
Daily Chart
Dagangan aktif
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.