USDJPY profit target reached perfectly, prepare to sell
Sell below 113.85. Stop loss at 114.18. Take profit at 113.01.
Reason for the trading strategy (technically):
Price has reached our profit target from yesterday. We prepare to sell below major resistance at 113.85 (Fiboancci retracement, horizontal overlap resistance) for a push down to at least 113.01 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance below 99% where we expect a corresponding reaction from.
Reason for the trading strategy (technically):
Price has reached our profit target from yesterday. We prepare to sell below major resistance at 113.85 (Fiboancci retracement, horizontal overlap resistance) for a push down to at least 113.01 support (Fibonacci extension, Fibonacci retracement, horizontal overlap support).
Stochastic (34,3,1) is seeing strong resistance below 99% where we expect a corresponding reaction from.