Hello my friends,
This is the last week of 2020 and i hope we could book some profits before this year ends.
It has been a hella ride for this year and the market was in high volatility through the year.
After marking our support and resistance zone you will find out that 103.60 has acted as strong support previously.
It could turn into strong resistance for USDJPY and we will sell USDJPY as long as price hold below it.
I also draw an ascending trendline to marked the recent movement but price now breaking below it.
Sell USDJPY 103.60
Stop loss 104.10
Take profit 102.85 (1.5R)
RR Ratio 1 : 1.5
Use only 1-2% risk
Good luck
This is the last week of 2020 and i hope we could book some profits before this year ends.
It has been a hella ride for this year and the market was in high volatility through the year.
After marking our support and resistance zone you will find out that 103.60 has acted as strong support previously.
It could turn into strong resistance for USDJPY and we will sell USDJPY as long as price hold below it.
I also draw an ascending trendline to marked the recent movement but price now breaking below it.
Sell USDJPY 103.60
Stop loss 104.10
Take profit 102.85 (1.5R)
RR Ratio 1 : 1.5
Use only 1-2% risk
Good luck
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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.