Short USDJPY with a risk reward of 2.55.
Reason to enter:
1. Higher low has been tested along the lower trend line.
2. Candlesticks have been tested around the Fib 38.2 for few times and fail to break through.
3. A double bottom has been formed during the daily and weekly timeframe.
My TP level will be set at 109.6 and my SL would be around 110.3.
1. Higher low has been tested along the lower trend line.
2. Candlesticks have been tested around the Fib 38.2 for few times and fail to break through.
3. A double bottom has been formed during the daily and weekly timeframe.
My TP level will be set at 109.6 and my SL would be around 110.3.
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