DislikedGonna work from the top end on this trade also. If either hits close out the other.
Sell Limit on USD/JPY at 98.55 with stop at 99.70 and T/P1 at 96.45 and T/P 2 at 94.50
AJIgnored
What's your reasoning on this potential trade as I have been looking on the charts and what I see is that this pair has been on a LONG since mid December any reason why this pair should start dropping now?
I can see a resistance around 9869 that was tested on 26 Feb, but this could easily be subjected for a break through the resistance. Even a bounce of that resistance, as previously demonstrated on 27 Feb to 9686 (the bottom end resistance) could happen. Which may allow the pair to bounce back up as previously encountered. As this pair seem to have a long term up trend.
but I'll keep an eye out on this and I could potentially see this trade as a future investment I'll probably enter the trade as soon as I see a reversal in the trend patterns above 9855.
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Say Good-bye to Buy-and-Hold