psyd3fx
Short

USD/JPY 1 Hour Learning to identify good entry points

FX:USDJPY   U.S. Dollar/Japanese Yen
I watched price stall at a resistance level ~102.586, unfortunately missed a move I was contemplating on trading down to a previous strong support level ~ 101.00.
However, now that price is in this, what I think a very strong support zone, I'm going to wait and watch where price goes. There are 3 possible set ups I would look for, and all 3 are a bounce off a "minor" or "major" resistance level

My plan is to wait and see:
  • If support level holds up against price
  • If it holds and price starts to pull back up I'd like to see it find resistance.
  • Play the bounce off resistance with first target back at support ~101.00 unless price actually moves all the way back up to ~102.586 then I would move my target higher up

This is my first publish chart, so any feedback/tips would be greatly appreciated.
I am also a very novice trader, no financial background, self-educating and eager to master my analysis. If I'm identifying indicators badly or missing something like the "big picture" please point it out to me. Thanks in advance
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