FX:USDJPY   U.S. Dollar / Japanese Yen
3
As soon as price action sticks itself out of the upper trend line and the resistance line, that's a signal to buy! I want you to notice how price action reacted to the upper trend line! Notice how perfectly price action touched it a couple of times, found resistance at the trend line, and bounced down right after, signaling to us that, price has found valid resistance there! That deems this trend line an important level of a break!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.