In this pair, we see nice opportunity to place a pending order to make profit. Because, if we see weekly chart, we can see a perfect pin-bar for going down sign.
In H1 chart, we also can see a strong resistance level with a perfect pin-bar position for going down more.
In D1 chart we also can see a great breakout from uptrend to downtrend. And also running another downtrend.
So, we can predict that, market may go down more.
We will more ensure in market cross in downside at 108.77 price level. Then it may go down to 108.30 at first as our trading target.
Our Trading signal is:
Pending Order: USDJPY
Sell Stop at 108.77
Take Profit 108.30
Stop Loss 109.30
First Learn, Then Earn......
In H1 chart, we also can see a strong resistance level with a perfect pin-bar position for going down more.
In D1 chart we also can see a great breakout from uptrend to downtrend. And also running another downtrend.
So, we can predict that, market may go down more.
We will more ensure in market cross in downside at 108.77 price level. Then it may go down to 108.30 at first as our trading target.
Our Trading signal is:
Pending Order: USDJPY
Sell Stop at 108.77
Take Profit 108.30
Stop Loss 109.30
First Learn, Then Earn......