USDJPY: Broke up! Now worth buying
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The pair broke up out of the corrective structure in an impulsive manner enough to confirm short term direction change so buying after smaller degree correction next week looks good now.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit thepiphunter.com and subscribe.
Note
Note
can still long for a R/R of 1:2.45Note
Note
would be watching 104 area very closely now, a break and we may get a long term trend reversal and a huge trade to the upside.Note
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