See daily chart of USDJPY below for the discussion that follows.
USDJPY broke resistance decisively this past week. If price retraces back to the support zone (prior resistance) I will be looking to go long should I see the relevant price action / candles.
I’m still not trading much as I’ve mentioned in my last couple of posts. I’m not one for this news driven / more volatile kind of markets.
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 advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
Thanks and Regards,
Trading SOS SOS