Spotted a nice bullish trend in USDJPY lasting for about a month and 9days (07/11/16 to 15/12/16)
and now it seems to be having some retracement.
So I setup my ranging market setup again but I'm looking to go short at
Entry:116.958 (Stop-loss:118.624)
if it isn't too late but if price levels has passed that level or doesn't touch again the I may enter a
Entry:115.292 (Stop-loss116.958)
with profit targets at the 618 retracement level (Profit Target:111.960)
So from there we shall see if it continues to go bullish to enter a Long position or I'll trade the ranging setup if it starts ranging.
and now it seems to be having some retracement.
So I setup my ranging market setup again but I'm looking to go short at
Entry:116.958 (Stop-loss:118.624)
if it isn't too late but if price levels has passed that level or doesn't touch again the I may enter a
Entry:115.292 (Stop-loss116.958)
with profit targets at the 618 retracement level (Profit Target:111.960)
So from there we shall see if it continues to go bullish to enter a Long position or I'll trade the ranging setup if it starts ranging.