Usd/Jpy - Retracement within the bigger picture.
Usd/Jpy - 2H Chart.
Price have been bearish since we saw a false break on the 10th of January this year.
Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure.
Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea.
The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern.
Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg.
I will cancel order if we print a new low without a fill.
Price have been bearish since we saw a false break on the 10th of January this year.
Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure.
Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea.
The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern.
Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg.
I will cancel order if we print a new low without a fill.
手動結束交易
Dot like this price action. Closing the trade at break even and will continue to monitor.
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