FX.co ★ Sardar000"❤ Trading Journal?
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Sardar000"❤ Trading Journal?
Hello everyone. The direction to the south prevails in the USDJPY currency pair. In the H1 time frame, significant extremes are falling, and the moving average with a period of 120 is above the price, which indicates the strength of sellers over buyers. The zigzag indicator also shows a descending structure, significant highs and lows go down. So far, selling looks better than buying. I think to consider sales with two orders from the level of 127.20 with the first income target to the price level of 126.80, the second target is 126.40, stop loss for both positions is set at the level of 127.50. If the pair fixes behind a significant level of 127.80, we can assume a reversal movement and consider buying. The expected income of purchases is the level of 128.20, while the stop for the buy order is set at the level of 127.50.