See daily chart of USDJPY below for the discussion that follows.
USDJPY broke resistance this past week, continuing to make higher highs and higher lows. Should price retrace to support (prior resistance), I will consider going long if I see bullish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading / financial advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
