Our Preference: Sell Below 112.50 for the target of 110.80 levels
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- UsdJpy was formed major resistance level of upper trend line so we can keep stoploss above the resistance level of upper trend line, so we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- UsdJpy was trading in the triangle pattern, now its trading near lower trend line If lower trend line breaks means we will except heavy sell off, so we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- UsdJpy was formed major resistance level of upper trend line so we can keep stoploss above the resistance level of upper trend line, so we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- UsdJpy was trading in the triangle pattern, now its trading near lower trend line If lower trend line breaks means we will except heavy sell off, so we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- UsdJpy was trading in the triangle pattern, now its trading near lower trend line If lower trend line breaks means we will except heavy sell off, so we can sell near key resistance levels and except upto next key support level :- which we have shown in attached image.
PIPS COUNTER - SINCE JANUARY 2013 | ||
Total Trades | Total Pips | |
EUR / USD | 1135 | 10130 |
GBP / USD | 1054 | 10550 |
USD / CHF | 907 | 8945 |
EUR / JPY | 818 | 10435 |
XAU / USD | 1156 | 207955 |
TOTAL: 248015 |
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