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15.09.2020 10:47 AM
Trading idea for USD/JPY

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The previous strategy for USD / JPY was to raise the quote in the market by working on a 50% pullback within the ABC pattern.

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However, the pivot was broken yesterday during the US trading session, which means that the long scenario should be canceled in order to avoid further losses in trading.

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The loss amounted to 25 pips, from a potential profit of 95.

Don't give up though, as there are many more opportunities for gaining back profit.

Andrey Shevchenko,
Analytical expert of InstaForex
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