Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After breaking above the $127 resistance, USDJPY has been going up in a parabolic manner.
How high can USDJPY climb?
The marked blue circle represents a significant resistance and overbought zone as it marks the intersection of:
1- $160 round number and weekly high/
2- Upper blue trendline.
🏹 Thus, the highlighted blue circle denotes a robust area to anticipate a potential reversal.
And keep in mind: the bigger the impulse, the bigger the correction.
Therefore, when USDJPY begins to trade lower, be prepared!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 After breaking above the $127 resistance, USDJPY has been going up in a parabolic manner.
How high can USDJPY climb?
The marked blue circle represents a significant resistance and overbought zone as it marks the intersection of:
1- $160 round number and weekly high/
2- Upper blue trendline.
🏹 Thus, the highlighted blue circle denotes a robust area to anticipate a potential reversal.
And keep in mind: the bigger the impulse, the bigger the correction.
Therefore, when USDJPY begins to trade lower, be prepared!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT