USDJPY getting ready for a big drop!
Based on the chart, price reached a major resistance area and the weakness of buyers for breaking this zone is considerable and on the other hand, sellers succeeded to bring the price down from the mentioned area.
So based on this scenario, a great opportunity for sellers is forming at this area with a great risk/reward ratio. For conservative traders, selling on peaks can be a good choice on this falling.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
So based on this scenario, a great opportunity for sellers is forming at this area with a great risk/reward ratio. For conservative traders, selling on peaks can be a good choice on this falling.
Note: As always please take risk management rules into consideration before opening any position on the market.
Good luck!
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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.