On the hourly USD/JPY chart, it looks like it's about to break the upper resistance, but I think there's a high probability it will fall. Once it falls, I'll look for another opportunity to go long.
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USD/JPY Discussion 12 replies
NZD/JPY Discussion 12 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
EUR/USD Bollinger Band Discussion 3 replies
Suidster's GBP/JPY Discussion 19 replies
DislikedHello everyone! The USDJPY price has approached the resistance level at 154.29 during its upward movement. The price is trapped in a triangle, so it's best to wait for a breakout of one of its sides. If the lower side is broken, the support level at 153.13 could be a selling target. If the upper side is broken, the resistance level at 155.14 could be a buying target. {image}Ignored
DislikedFirst trade of the morning, after a downward move, there was a sudden rebound. Will it go back up again soon?{image}Ignored
DislikedFirst trade of the morning, after a downward move, there was a sudden rebound. Will it go back up again soon?{image}Ignored
DislikedThe upward momentum became stronger, so I got carried away and went long again, but I quickly realized that it was a mistake. After cutting my losses, I immediately switched to short, and since it fell as planned, I will close my profits soon. {image} I used the SupRes and H4FractalLow (bottom blue line) on the USD/JPY M30 chart to determine the trend of the chart. This will determine whether the price will bounce back up a little or fall to the lower FractalLow. {image}Ignored