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Author Topic: USDJPY  (Read 87 times)

Offline SpinnakerFx

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    • SpinnakerFx
USDJPY
« on: October 19, 2019, 09:15:54 PM »
This trade its a sequence of my early short trade

After the asset reaches support 107,600-107,800, it is time to launch the long trade. We will have 2 targets equally, 1) 109,500 and 2) 111,080
To reach the 1st target you must pass a resistance at 109.250, but after reaching the 1st target you will encounter another resistance at 109.800 before reaching the 2nd target.
I will indicate the time to launch this trade, anyway the study is already posted.

I have for this trade an entry point given in the explanation, but as you can see from the chart, the asset has room to go down much further to 105,000. This will largely depend on what will happen in the coming weeks, notably on trade war and EDF interest rates. Therefore it is necessary to be aware of these events. For this reason we will wait for the 1st trade (short) to run out until a new decision is made.

 

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