A simple technical view on USDJPY:
Pattern: Wedge formation
Resistance: 110.820, 110.965, 111.190
Support: 110.420, 110.260, 110.030
How to possibly execute this trade?
A break above the areas within blue rectangle area, clear confirmation a pull back towards the areas for re-test for further clarification, taking the trade to which ever direction it goes ahead towards.
(Follow your own trade plan).
Key tip: Patience and discipline is key when it comes to trading and remember it's short week this week - Good Friday.
Happy Easter for those celebrating and have a great weekend to you all.
Best wishes,
Trade Journal
(Disclaimer: Just a trade idea, not a recommendation)
Pattern: Wedge formation
Resistance: 110.820, 110.965, 111.190
Support: 110.420, 110.260, 110.030
How to possibly execute this trade?
A break above the areas within blue rectangle area, clear confirmation a pull back towards the areas for re-test for further clarification, taking the trade to which ever direction it goes ahead towards.
(Follow your own trade plan).
Key tip: Patience and discipline is key when it comes to trading and remember it's short week this week - Good Friday.
Happy Easter for those celebrating and have a great weekend to you all.
Best wishes,
Trade Journal
(Disclaimer: Just a trade idea, not a recommendation)
Note
Still within the ranges until broken out either direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.