USDJPY: 600 pips or 200 pips down?
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Traders,
Pls tell me what you which one you would like to hunt?
200 pips or 600 pips?
It depends on your stop loss.
On the weekly left chart, we see the blue pressure line is working on keeping price going up. And the possible lowest position for a weekly chart short trade could be 105 round, making 600 pips possibility.
On the 4H chart, the right one, we could see a potential harmonic pattern. C TO D is making 200 pips a possibility.
BTW, YEN must be the most strong currency now considering a strong dollars' situation.
Less is more!
Traders,
Pls tell me what you which one you would like to hunt?
200 pips or 600 pips?
It depends on your stop loss.
On the weekly left chart, we see the blue pressure line is working on keeping price going up. And the possible lowest position for a weekly chart short trade could be 105 round, making 600 pips possibility.
On the 4H chart, the right one, we could see a potential harmonic pattern. C TO D is making 200 pips a possibility.
BTW, YEN must be the most strong currency now considering a strong dollars' situation.
Less is more!
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