Hi everyone ,, this is how i see the USDJPY
The price has formed a reversal corrective channel ,
so in my opinion we have tow scenarios :
the first one : the key level will reject the price and in that case i will look for a breakout and go short ,
the other one : the price will break the key level and in that case i will wait for a pullback and go long until the border of the pattern ,
THE Conclusion i will wait to see the price action ,, TRADE SAFLY ;)
The price has formed a reversal corrective channel ,
so in my opinion we have tow scenarios :
the first one : the key level will reject the price and in that case i will look for a breakout and go short ,
the other one : the price will break the key level and in that case i will wait for a pullback and go long until the border of the pattern ,
THE Conclusion i will wait to see the price action ,, TRADE SAFLY ;)
Trade closed: stop reached