TMPWT_Player1

Bounce or Drop? 1m chart

FX:USDJPY   U.S. Dollar / Japanese Yen
89 4 3
I'm behind both fences on this one. Clear support shown here, which we've arrived back at this support line. Two things can happen, but I feel that this could bounce from the support and work it's way back up... However, it's my first time doing a chart so I am COMPLETELY open to your thoughts and comments.

Cheers guys, great community we have here. :)
You will have to observe higher time-frames as well for more analysis.
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TradZ TradZ
Accurate analysis that is:)
+1 Reply
Definitely agree there matey! For this one, I guess I wanted an idea of direction? Have no idea where to start as a complete rookie... :P HAHA!
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TradZ TMPWT_Player1
I can't really say where to start either, but all I can say is that the more you observe and study, it will come to you. You may like to work with the magic candle sticks(Heikin Ashi):) as I do. But still best to learn jap sticks as well for certain situations when need be
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