- 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.
This blog collects historical chart markings of stock, forex and cryptocurrency trading opportunities. The best way to learn trading is to do lots of chart markings every day.
Thursday, July 8, 2021
20210708 12.00 USDJPY trading.
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