Time for correction?

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DCNNR
DCNNR published an idea on USDJPY, M30
4 years ago

It is esy to see, that on the M30 interval there is a double bottom pattern. I think the right time to go into a long position is above resistance level (113,22).
SL: 112,75
TP: 113,70

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  • Steve Sandblast
    Steve Sandblast4 years ago

    Nice pattern, but ~113,220 you will find strong resistance.

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    • DCNNR
      DCNNR4 years ago

      Yes, you're right. But breaking this level could be a strong signal for longs.

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    • Steve Sandblast
      Steve Sandblast4 years ago

      Exactly, but let them first break this level ;)

      1
  • Gregor Cooper
    Gregor Cooper4 years ago

    Double bottom, I like it, I have some long positions, Yesterday I closed shorts :)

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