Overall USDJPY set up for a trend trading setup. 106.74 is an important resistance level for trend traders to observe for a shorting opportunity.
105.28 to 104.79 presents itself as a buying opportunity for counter-trend traders.
If market head up to 106.74 before retracing, I will wait for candle confirmation to short as a trend trading trade, however, if the market retraces into the buy zone 105.28-104.79 before hitting the resistance level, I might head in on the counter-trend trade to long.
105.28 to 104.79 presents itself as a buying opportunity for counter-trend traders.
If market head up to 106.74 before retracing, I will wait for candle confirmation to short as a trend trading trade, however, if the market retraces into the buy zone 105.28-104.79 before hitting the resistance level, I might head in on the counter-trend trade to long.
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🧑🏫Analysis now at Substack
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🚀 Get into our Discord to receive our live market analysis!
discord.gg/AKDr9vPqH7
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.