We broke the descending channel.
We can see that after the impulse, the correction and pump to 0.618 FIBO is perfect, so we can potentially take a long trade while following the current trend.
The news is still the same for the YEN, I don't expect a "quick" dump for the moment.
I would take my profits towards 800, but a stop loss at 800 is possible if the level is largely exceeded, why not try higher 😁
We can see that after the impulse, the correction and pump to 0.618 FIBO is perfect, so we can potentially take a long trade while following the current trend.
The news is still the same for the YEN, I don't expect a "quick" dump for the moment.
I would take my profits towards 800, but a stop loss at 800 is possible if the level is largely exceeded, why not try higher 😁
Trade closed: target reached
Target reached 👍 and multiple closings on my lines (descending channel & trendline) confirms my good analyse on this idea 🤠🤠
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.