*HOW TO TRADE USDJPY THE 3 WAY*
(1).First setup to consider is price is trending down it might reject 104.25 area to create a minor pullback before continuing its downtrend
(2).Second setup to consider is price might reject 104.25 area to create a nice pullback to 105.35 which is a level of previous support and could potentially become our next level of resistance before price might continue its downtrend
(3).Third setup to consider is price might reject 104.25 area to create a double bottom (Reversal Pattern) our first target will be 105.35 area.If price breaks the 105.35 area which will be our neckline for the double bottom and our final target will be 106.60 area
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(1).First setup to consider is price is trending down it might reject 104.25 area to create a minor pullback before continuing its downtrend
(2).Second setup to consider is price might reject 104.25 area to create a nice pullback to 105.35 which is a level of previous support and could potentially become our next level of resistance before price might continue its downtrend
(3).Third setup to consider is price might reject 104.25 area to create a double bottom (Reversal Pattern) our first target will be 105.35 area.If price breaks the 105.35 area which will be our neckline for the double bottom and our final target will be 106.60 area
THANK YOU FOR READING THIS POST IF YOU FIND THIS HELPFUL PLEASE SUPPORT BY PRESSING THE LIKE BUTTON OR COMMENT ON WHICH PAIR DO YOU WANT NEXT FOR EDUCATIONAL ANALYSIS.