Confused USDJPY
This pair can break resistance, usually price will retest into red line. But in this pair and increase rate FED "ninja" continue moving up (some people said will close gap at 120).
But if took bigger chart, "ninja" waiting for make last swing high for complete ABW pattern. For swing trade, maybe can open short position with thigh stoploss
But if took bigger chart, "ninja" waiting for make last swing high for complete ABW pattern. For swing trade, maybe can open short position with thigh stoploss
Note
Still going up, cutloss your position
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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.