ttafa

USDJPY Big breakout imminent, either way

FX:USDJPY   미국 달러 / 일본 엔
Price is consolidating in a big and old triangle (assuming this has been drawn correctly), and the triangle is running out of space, which is a reliable signal of an imminent breakout. I am inclined to the downside break. Why? Because equities are under pressure universally and as investors seek for flight to safey, Yen is typically a strong candidate. I will enter into a short trade on a break of 2017 low @ 107.30 (daily close basis) and place stop ~ midway inside triangle @111.00 with 1st objective @ 98.90 (2016 low). This is a longer time frame trade idea.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.