Short USDJPY | Hourly Trend Broken
Zaktualizowano
On daily timeframe USDJPY is in a bullish trend and has hit the Strong daily trend Resistance line from where it has reversed.
On the Hourly Timeframe the strong bullish trend formed and the trend is now broken making by making a new LH as opposed to a HL.
I am predicting the price will continue to fall from here to the Daily Support level.
However, in order to keep the trade safe, I am trading on Hourly with TP on the Fib Level 0.66
On the Hourly Timeframe the strong bullish trend formed and the trend is now broken making by making a new LH as opposed to a HL.
I am predicting the price will continue to fall from here to the Daily Support level.
However, in order to keep the trade safe, I am trading on Hourly with TP on the Fib Level 0.66
Komentarz
This is playing out well for now. Hope it hits the TPKomentarz
This trade was also closed in profit as per the analysis. The SL wasn't hit, and the wick hit the TP.
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