Previously, USD/JPY was riding well the pullback of USD.
Since I am expecting USD to turn back weaker and JPY to strength, this pair becomes a good contender for a short entry.
It is now near a nice tripple top. It may swing up more first, just to slide back down. That scenario is highly possible.
If the trade goes as per plan. it can swing back to 111.27 level and we can potential net up to +320 pips.
Let's see
S0nic
Since I am expecting USD to turn back weaker and JPY to strength, this pair becomes a good contender for a short entry.
It is now near a nice tripple top. It may swing up more first, just to slide back down. That scenario is highly possible.
If the trade goes as per plan. it can swing back to 111.27 level and we can potential net up to +320 pips.
Let's see
S0nic
Note
Still in track. It is no much movement so far.
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Telegram: t.me/sonictraders
Related publications
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.