USD/YEN Update!
If break out is legit, we should go lower soon.
Last week we broke out of an ascending formation to the downside. We retraced quite a bit, since than and it is really testing my patience, however i still like to short it. IMHO it should turn soon, to give a confirmation of a legit break out. The descending pitchfork looks decent, i wouldn't trade of it as of now. A break of ascending slope line on 30-min chart has to happen first.
Entry ~ on break of slope line.
Stop loss ~ 109.16
Target 1 ~ November low @ 107.886
Target 2 ~ October low and 61.8 retracement @ 106.4
30-min Chart
Daily Chart
Last week we broke out of an ascending formation to the downside. We retraced quite a bit, since than and it is really testing my patience, however i still like to short it. IMHO it should turn soon, to give a confirmation of a legit break out. The descending pitchfork looks decent, i wouldn't trade of it as of now. A break of ascending slope line on 30-min chart has to happen first.
Entry ~ on break of slope line.
Stop loss ~ 109.16
Target 1 ~ November low @ 107.886
Target 2 ~ October low and 61.8 retracement @ 106.4
30-min Chart
Daily Chart
Transaction en cours
Publications connexes
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.
Publications connexes
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.