Trade Recommendation: USDJPY

The price broke the uptrend line and it gives a trend reversal signal. DMI shows that bears become stronger and it allows us opening short trades. If the price passes through the cloud, it will give us an additional confirmation of further downward movement. In order to catch this price movement, we can place pending orders for sell at 112.80 level. Stop orders must be placed at 113.80 level. Profit targets are 111.50 and 110.00 levels. Don’t risk more than 3% from your deposit in this trade.

Market: USDJPY
Sell: 112.80
Stop: 113.80
Profit Targets: 111.50 and 110.00

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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.