USDJPY - Descending triangle //Key level + Triangle\\
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USDJPY has a downward trend line and also we are close to a key level, which makes a descending triangle. We will need to wait to see how the market reacts if it bounces from the. trend line and still goes down or it breaks the trend line. If the USDJPY breaks the trend line, We wait for the confirmation candle. The confirmation candle will show us if We can enter the trade. I will be updating this post, so follow it! Also, the bounce of the trend line could happen, in that case, We will wait for USDJPY to make more moves. It might break the Key level and make more of a down movement. Either way, I will be watching the USDJPY and update You with what I do next.
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Remember to only use a max of 2% of your money on a trade.
I am not a "Financial advisor", so before doing something, do Your own research!
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For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard.
If You would like to see more of trades, press that "Follow" button!
Also, don't forget to leave a comment down below, what do You think?
---------------------------------------------------------------------------------------
USDJPY has a downward trend line and also we are close to a key level, which makes a descending triangle. We will need to wait to see how the market reacts if it bounces from the. trend line and still goes down or it breaks the trend line. If the USDJPY breaks the trend line, We wait for the confirmation candle. The confirmation candle will show us if We can enter the trade. I will be updating this post, so follow it! Also, the bounce of the trend line could happen, in that case, We will wait for USDJPY to make more moves. It might break the Key level and make more of a down movement. Either way, I will be watching the USDJPY and update You with what I do next.
-------------------------------------------------------------------------------------
Remember to only use a max of 2% of your money on a trade.
I am not a "Financial advisor", so before doing something, do Your own research!
-------------------------------------------------------------------------------------
For more free content, please press the "Follow" button and "Like" this post.
Thank you and have an awesome day.
See You soon,
Richard.
Trade attivo:
We open the trade now:
Entry point : Market Execution (@106.030)
TP1: 106.600
TP2: 107:470
TP3: 107.830
SL: 104.900
Entry point : Market Execution (@106.030)
TP1: 106.600
TP2: 107:470
TP3: 107.830
SL: 104.900