TraderMichealB

Critical Level for USDJPY nearing

Corto
TraderMichealB Actualizado   
OANDA:USDJPY   Dólar estadounidense/Yen japonés
111.700 to 112.200 are the prices im looking for entry for short. Trendlines and psychological level and fibbonacci levels are alligning there must mean it has to be important level.
The price still has power to go up as the volume is increasing

111.700 will be my initial entry. Though with high volume it can still go up to 112.200 to reverse.

Thoughts on this idea?


Operación activa:

Entered on Bearish flag upon the breaking of the trend line
Comentarios:
Ep 110.468

SL 110.710

TP 109.20
Comentarios:
The 4H trendline broke also, we could see it go down to 108.400 with this momentum, It will consolidate around 109.200, could go back to 110.0 area then resume the movement to downtarget of 108.40
Operación cerrada: objetivo alcanzado:
reached 109.200 took my profit nice and smooth
Operación activa:
Entered short for 30 pips again.
Comentarios:

Entered short for 30 pips. if the candle closes like that on 4H chart. entering short again for 50 pips
Operación activa:
#1 EP 109.545
SL 109.80
tp 109.2

#2 EP 109.561
SL 109.80
TP 109.00
Comentarios:
#1 target reached

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