Short Term Trade Idea for USDJPY Play a long towards 109.37 (1st target), even 109.82 (2nd target). Stop loss at 108.400 RSI indicator also holding above 40% support level.
Alternatively, if price breaks below 108.400, there presents an opportunity to short towards 107.75 (alternative target). 107.75 also happens to correspond to a key Fibo level.
Transakcja zakończona: osiągnięto poziom stop
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Transakcja zamknięta: osiągnięto wyznaczony cel
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So i reversed my trade the moment price crossed below 108.400.... Made a slight profit despite having my original trade make a loss.
@karolstepnikowski, Not sure what you mean about fact rather than an Idea?
If you are referring to fundamental fact, then you will get none here my friend. Fundamentals do not play out well over the short term. Fact here is I used TA and multiple time frame analysis to get to my conclusion.
Would appreciate if you could further elaborate your questions in the future.