07 tháng Ba 2019, USD/JPY
Technical Observation
The US Dollar is in an overall up trend. While the price is above the Simple Moving Average (100) and also above the line 111.10, I expect further acceleration to the upper side. On the hourly chart I'm looking at, I expect a retracement back to the line 111.10 to pick a buy order at the least risk possible. Conservative traders can place pending buy limit orders at 111.10, stop loss below 110.6 and take profit at 114.00. I will only settle for a sell should price end up breaking below the hourly support line 111.10.
Trade Signal.
Wait and Buy Usdjpy from 111.10.
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