ttafa

USDJPY Big breakout imminent, either way

看空
FX:USDJPY   美元 / 日圓
Price is consolidating in a big and old triangle (assuming this has been drawn correctly), and the triangle is running out of space, which is a reliable signal of an imminent breakout. I am inclined to the downside break. Why? Because equities are under pressure universally and as investors seek for flight to safey, Yen is typically a strong candidate. I will enter into a short trade on a break of 2017 low @ 107.30 (daily close basis) and place stop ~ midway inside triangle @111.00 with 1st objective @ 98.90 (2016 low). This is a longer time frame trade idea.

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。