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20.11.202323:39 Forex Analysis & Reviews: Tips for trading USD/JPY

Exchange Rates 20.11.2023 analysis

The trading plan for USD/JPY indicated a decrease in prices.

Exchange Rates 20.11.2023 analysis

After 5 trading days, quotes dropped to one of the target price levels.

Exchange Rates 20.11.2023 analysis

Congratulations to everyone who followed the strategy! The downward movement amounted to as much as 3,000 pips. Traders should close short positions to gain profit.

The trading idea followed the framework of the "Price Action" and "Stop Hunting" strategies.

Good luck in trading and don't forget to control the risks! Have a nice day.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Andrey Shevchenko,
Analytical expert of InstaSpot
© 2007-2023
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