USD/JPY APPROACHING A STRONG 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 clearly see price is trading inside this rising channel.
However, price is approaching a strong resistance and previous major high, where we will be looking for new bearish correction movement.
Meanwhile, Price is still bullish from lower time frame, and for the bears to kick in we need a break below the last swing low marked on the chart.
Then a further movement lower would be expected.
1-2 Risk to reward ratio from a risk management perspective.
Until that happens price is still overall bullish, and price can still trade higher and higher.
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 clearly see price is trading inside this rising channel.
However, price is approaching a strong resistance and previous major high, where we will be looking for new bearish correction movement.
Meanwhile, Price is still bullish from lower time frame, and for the bears to kick in we need a break below the last swing low marked on the chart.
Then a further movement lower would be expected.
1-2 Risk to reward ratio from a risk management perspective.
Until that happens price is still overall bullish, and price can still trade higher and higher.
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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