See daily chart of USDJPY below for the discussion that follows.
After a very short correction in an overall uptrend, USDJPY has now made a higher high and a higher low… suggesting a resumption of the uptrend. I will look to go long should price retrace to support (previous resistance) and I get confirmation in terms of price action / candles as per my strategy.
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.