Thursday, July 8, 2021

20210708 12.00 USDJPY trading.

       

  • Thu 20210708 12.00 USDJPY 1h (see AI settings here).
  • SMA21 was falling.
  • Buyers who entered buy long positions above 110.212 were stopped out by the -6 bar.
  • Price consolidated at a flat SMA21 line.
  • At 12.00 hours, the -6 bar strongly broke down through yesterday's low level of 110.395.
  • A sell short position sent at 110.276 or above during the next bar could have returned at least 10 pips within 2 hours.

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