Simple !
DXY has a similar view, US dollar can gain strength next week. If that happen (check price action) all USD pair has a good chance to fly as well.
USDJPY has a great potential as we are touching support level on H4 and my overall analysis on this pair says, we can go higher.
We have a very good risk and reward ratio here.
As market open, it can open with gap or do anything ! So kindly have patience and read live price action before making decision to take a trade.
Follow your risk management : )
i'm looking forward to take this trade if everything goes well when market opens and show me clear price action view. Nothing to Rush !
DXY has a similar view, US dollar can gain strength next week. If that happen (check price action) all USD pair has a good chance to fly as well.
USDJPY has a great potential as we are touching support level on H4 and my overall analysis on this pair says, we can go higher.
We have a very good risk and reward ratio here.
As market open, it can open with gap or do anything ! So kindly have patience and read live price action before making decision to take a trade.
Follow your risk management : )
i'm looking forward to take this trade if everything goes well when market opens and show me clear price action view. Nothing to Rush !
Comment:
we have a seen a 4hr bullish engulfing on 4hr head & shoulder type support line (see left). We will look at price action around 107.95 - 107.80 and if we see enough rejection on the region we can go higher on this pair. If not we are heading downside to the 107.64 support area for possible long reversal. Let's just watch price action on h4 and see what market do. :)