USDJPY - Jump On This Impulse! 🔥
In our last USDJPY analysis, we were waiting to SHORT from the very top where the ascending channel and parallel channel converged. We had a really nice bearish reversal there.
On the higher timeframe, we are at the start of the move and got a lot of room to move down. See below:
We are currently seeing a nice bear flag retracement. Anticipating a 61.8 fibonacci rejection and then move down for the next impulse.
Trade Idea:
- Watch for price to retrace back up to the 61.8 fibonacci
- Wait for bearish rejection and enter with stops above that level
First Target: 112.5 (180pips)
Second Target: 111.6 (260pips)
Third Target: 109.5 (500pips)
Swing Target: 105 (900pips)
Do you agree?
Previous USDJPY analysis:
On the higher timeframe, we are at the start of the move and got a lot of room to move down. See below:
We are currently seeing a nice bear flag retracement. Anticipating a 61.8 fibonacci rejection and then move down for the next impulse.
Trade Idea:
- Watch for price to retrace back up to the 61.8 fibonacci
- Wait for bearish rejection and enter with stops above that level
First Target: 112.5 (180pips)
Second Target: 111.6 (260pips)
Third Target: 109.5 (500pips)
Swing Target: 105 (900pips)
Do you agree?
Previous USDJPY analysis:
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Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
相關出版品
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。