USDJPY AROUND A MASSIVE ZONE
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LET'S GO OVER USD/JPY!
As we can see price is still overall bullish trading inside this rising channel from a long term perspective,
However, price is sitting around our upper bound of this channel acting as an over-bought zone, lining up with a massive resistance zone, then we will be looking for new bearish correction movement.
Meanwhile, from a shorter term, price is still also bullish, however, for the bears to kick in we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
LET'S GO OVER USD/JPY!
As we can see price is still overall bullish trading inside this rising channel from a long term perspective,
However, price is sitting around our upper bound of this channel acting as an over-bought zone, lining up with a massive resistance zone, then we will be looking for new bearish correction movement.
Meanwhile, from a shorter term, price is still also bullish, however, for the bears to kick in we need a break below the marked swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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