Dollar A.S. / Yen JepangDiupdate USDJPY Trade Idea
In yesterday's analysis, I expected a probe setup below 103.000 and spike back up due to the amount of retails' orders below it, which was exactly what the market performed. Will be looking for short-term long opportunities with 103.700 & 104.700 as targets. However, if price begins showing sign of weakness violating 103.000 key support zone, we could expect further bearish continuation. Instead of putting 100% emphasis on strategies, things you should ask yourself before a trade are
1. What's the current market structure?
2. What's majority of traders on the sideline thinking?
3. Where can I reasonably place my stops?
4. How would the opposing pressure step in?
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. What's the current market structure?
2. What's majority of traders on the sideline thinking?
3. Where can I reasonably place my stops?
4. How would the opposing pressure step in?
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.