The 5%ers' Blog

Confirmation Zone USD/JPY 22/05/18

May 22, 2018 | 11:56 am | The 5%ers' Blog
May 22, 2018 | 11:56 am
The 5%ers' Blog

After the recent uptrend, i prefer to look for the reversal opportunity.

If the price will breakout the confirmation zone it’s a sign of changing momentum,

It is also a sign that the price tends to reach the demand below and maybe the one at

The bottom, In that case, I’ll look for P”A setup for sell position, my first target will be

The demand below and the final target is the demand at the bottom.

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Our Tradingview Channel: https://www.tradingview.com/chart/USDJPY/A713SYBu-Confirmation-Zone-USDJPY-22-05-18/

 

 

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