Search
  • KeonConsultancy.com

Buy stop in USD/JPY | Oct 18, 2019

Almost all major currencies like EUR, AUD, CAD etc. gained significantly against USD yesterday but JPY gained just a little, which keeps bullish scenario intact on USD/JPY. Break above 108.70 will lead it to next level that is FIB61.8 shown in graph of daily time-frame below:


The idea of buy stop is supported by morning doji star formed on H1 time-frame that is shown by ellipse. I kept SL 5.0 pips below low of the morning star shown at H1 and TP 2.0 pips below FIB 61.8 shown at D1.

Here is graph of H1: