Hi Traders,
Dollar-Yen is on a strong resistance and it has bounced off the resistance, its good indicator that the market is going to sell from the current level, you preferably you may wait to retest again the respected level of structure and watch a price action there if the market again respects that level its great chance to shorten this pair next week:
Here is my setup:
USDJPY Sell at 109.65
Stop Level at 110.15
Target Level at 108.50
Good Luck guys ;)
Dollar-Yen is on a strong resistance and it has bounced off the resistance, its good indicator that the market is going to sell from the current level, you preferably you may wait to retest again the respected level of structure and watch a price action there if the market again respects that level its great chance to shorten this pair next week:
Here is my setup:
USDJPY Sell at 109.65
Stop Level at 110.15
Target Level at 108.50
Good Luck guys ;)
Trade closed: stop reached:
:(