USDJPY sell trade idea 22 09 2021
SELL USDJPY 109.50
SL: 109.80
TP1: 109.30
TP2: 109.10
TP3: 108.90
Signal Analysis by LCMS Traders
Currency Pair: USDJPY
SELL USDJPY 109.50
Timeframe: H1
Step 1 - Previous News: USD: Housing data increase in the number of building approvals, JPY: BOJ Policy Rate unchanged
Step 2 - Trend: Across, Counter Trend
Step 3 - Support/Resistance: Bouncing Off Resistance
Step 4 - Indicators
- Bollinger Bands: within
- MACD: fast turning towards down, slow up
- Stochastic: H4 heading up
- PSAR: bullish
Step 5 - Upcoming News: USD: FOMC monetary policy decision tomorrow 0200hrs, JPY: Bank Holiday tomorrow
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.