Tradingwithtamil

USDJPY: SATURATION POINT OPENS A SMALL TRADE-BEARISH.

Short
Tradingwithtamil Mis à jour   
FX_IDC:USDJPY   Dollar Américain / Yen japonais
Hello traders,

The USDJPY pair opens a chance for a small trade. Even this pair seems to be losing its bullish momentum.

In 4 hr time-frame, the chart printing the candles at 110.869.

At 111.394, the market formed an impulse and reversed the trend. This point also considers as Trend resistance (saturation point).

After that, the chart printed the price momentum as a correction for the impulse.

For a long while, the price range stucks in a saturation zone and struggling to get out.

So, I’m expecting a pullback to the down. A break down yet to happen inside the correction formation.

The fall may up-to this price 110.020.

If the pullback or break down won’t appear means, end the trade at 111.340

Have a close look at the chart, watch the move and decide your trade.

SIGNAL SPECIFICATION:

Pair: USDJPY

Order: SELL

Entry: 110.869

Take profit: 110.020

Stop loss: 111.340

Risk Vs Reward: 1.8
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Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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Transaction en cours:
As i mentioned, saturation zone opened the gate for a small trade.

The chart forming the candles in predicted form. 47 PIPS DOWN


HAPPY TRADING.
Trade fermée: ordre d’arrêt atteint

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