Usd/Jpy - Retracement within the bigger picture.
Usd/Jpy - 2H Chart.
Price have been bearish since we saw a false break on the 10th of January this year.
Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure.
Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea.
The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern.
Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg.
I will cancel order if we print a new low without a fill.
Price have been bearish since we saw a false break on the 10th of January this year.
Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure.
Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea.
The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern.
Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg.
I will cancel order if we print a new low without a fill.
העסקה בוטלה באופן ידני
Dot like this price action. Closing the trade at break even and will continue to monitor.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.