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Author Topic: USDJPY  (Read 84 times)

Offline SpinnakerFx

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    • SpinnakerFx
USDJPY
« on: October 19, 2019, 09:13:06 PM »
At the moment we are in the short moment, I think we have 2 possible targets in this downward trend 1) tp = 108.050 2) 107.750 - however the 2nd target will depend on how long it takes to reach the 1st target because we have the EMA (200) going up and she will be supportive. Finally we have a rising line that will also support between 107.500-107.650
No active sl, because I don't use sl, I wait to the market to decide. I will post here what I will do if trade create a DD.
After this descent the asset will continue its rise, which analysis I will put next.

This short trade has the indicated supports, however it may go well below 105,000 as I explain in the USDJPY long trade post due to certain circumstances, so I will follow this trade to indicate the activation of trailing stop as it is a of the techniques I use to follow the trend.

 

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