Massive selling opportunity for high Risk/Reward trade !
Hello dear traders,
I have found very interesting opportunity on the USD/JPY. I have found that price extended into + 2.1 standard deviations based on 50 average. The upper band successfully held once again and the question is can we repeat the same scenario like the previous successful rejection back on March 13 ? In my opinion YES, and we got a good odds for that.Supply trendline also matched the upper band and that is another strong sign that this level looks attractive for swing traders.
Another interesting point is BB% divergence on this potential peak. This even more weakness in the analysis.
My SL recommendation is 107.10 and my downward projections are set at 105.80 and final target around 104.50.
I would like to see your comments on this analysis and your observation >
Best Regards,
Petar
I have found very interesting opportunity on the USD/JPY. I have found that price extended into + 2.1 standard deviations based on 50 average. The upper band successfully held once again and the question is can we repeat the same scenario like the previous successful rejection back on March 13 ? In my opinion YES, and we got a good odds for that.Supply trendline also matched the upper band and that is another strong sign that this level looks attractive for swing traders.
Another interesting point is BB% divergence on this potential peak. This even more weakness in the analysis.
My SL recommendation is 107.10 and my downward projections are set at 105.80 and final target around 104.50.
I would like to see your comments on this analysis and your observation >
Best Regards,
Petar
交易進行
First TP 105.78 met ! Second target at 104.60
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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。