Trade Proposal:
There is a probability of first tp to the proposed ( 114.400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: USDJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
This MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful .
The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the...
Please give us a like :) and comment what you think and if you agree or disagree. USDJPY last week was very bearish. Now is reaching a major zone in which price has been rejecting the zone as a resistance level. If you take the fibonacci retracement is near the 0.618 fibo retracement level. Keep an eye. USDJPY...
