USDJPY - Sell stop order
Channel provided by Daily (blue trend line) and Monthly (pink trend line) trend lines gives the indication of reducing Bullish power. On top of that currently price is on Monthly resistance zone. This shows good chance that price will go South.
Place Trend Catcher (TC) stop order at Friday's low (5 pips lower) to catch the price move to the South to the next Daily support line.
Trend Catcher (TC) order:
- Stop order 5 pips above last candles high.
- Good For Day order. Re-order on the next open of a new candle.
Place Trend Catcher (TC) stop order at Friday's low (5 pips lower) to catch the price move to the South to the next Daily support line.
Trend Catcher (TC) order:
- Stop order 5 pips above last candles high.
- Good For Day order. Re-order on the next open of a new candle.
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