USDJPY Daily outlook for 5th December 2013
Daily Chart - Clear bearish candle breaking the steep trendline
- Clear bearish candle breaking the steep trendline
- Next target for short will be 38.2 retrace
Hourly Chart
- Made lower lows so previous support is now resistance, and also a daily pivot and 38.2% retrace.
Outlook Trade Opportunity
Will look for opportunity to short if market test the 102-101.90 confluence levels of Daily pivot, previous support now resistance , 38.2% retrace, trendline. with initial Target of yesterday's low
We have got filled at 103.081 for our short entry around 05:30GMT time
ReplyDeleteCurrently we are up 5pips
- This is a risky trade because our short entry forecast of hitting fridays high has been hit already (we missed entry in early asian session)
Cheers
After many hours, we are still in this trade still in this range flirting at the 103 handle. We still bias to the downside so our trade still in play
ReplyDeleteNight all