USDJPY, 4 hour timeframe, double top or bear flag
Based on the 4 hour timeframe we could see price moving inside the area which i have highlighted.
Area around 106.75-106.85 served as support previously. During this last 10 days, price tested this area 3 times.
Price finally closed below it on 4hr timeframe at Tuesday.
We could see further drop in USDJPY from this point
Sell USDJPY 107.00-106.90
Stop loss 107.40
Take profit 1 @106.40
Take profit 2 @106.00
Take profit 3 @105.60
Good luck
Area around 106.75-106.85 served as support previously. During this last 10 days, price tested this area 3 times.
Price finally closed below it on 4hr timeframe at Tuesday.
We could see further drop in USDJPY from this point
Sell USDJPY 107.00-106.90
Stop loss 107.40
Take profit 1 @106.40
Take profit 2 @106.00
Take profit 3 @105.60
Good luck
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.