Many traders will be interested to trade the new reached resistance level on USD JPY. It might be a very attractive level to place an order but unfortunately It can be also a honeypot type of trap. On a Smart Money perspective that area just above the multi days resistance level is a liquidity area. That liquidity is potentially harmful for short traders as a...
Top left looking at the yearly candle we have the 2-1-2 reversal in force. I am looking at a price target $48, after spending most of 2020 consolidating its obvious the trend for 2021 has been very positive and I see no reason why it would stop now. Ideally next week when the new quarterly candle gets going, we see a break to the upside taking out last quarter...
Reached all time high. Monitor for rebound for entry point. Green candle = breakout Red cross = possible entry point