Hello Traders,
Hope you all are doing good!!
This is the current week plan of USDJPY pair.
The pair is currently trading in symmetrical triangle & the price is recently got rejected by the lower trend line of the triangle on daily timeframe.
The price also bounced back from the strong Support area on 4H.
The pair is more likely to go up. Wait for the opening candle & bullish signal on lower timeframe.
We can break even at 107.500 which is the 200MA on 4H.
The safe point for TP is 107.690.
You can keep the position open as per your trading style. The next TP can be at 108.200 which is near the daily 200MA
Please follow and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position
Hope you all are doing good!!
This is the current week plan of USDJPY pair.
The pair is currently trading in symmetrical triangle & the price is recently got rejected by the lower trend line of the triangle on daily timeframe.
The price also bounced back from the strong Support area on 4H.
The pair is more likely to go up. Wait for the opening candle & bullish signal on lower timeframe.
We can break even at 107.500 which is the 200MA on 4H.
The safe point for TP is 107.690.
You can keep the position open as per your trading style. The next TP can be at 108.200 which is near the daily 200MA
Please follow and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position
Track Record & other links:
linktr.ee/for3xscalper
linktr.ee/for3xscalper