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Analysis up on #USDJPY
Hello friends.
Last Friday we got a very strong NFP number well above estimates, that's why I am expecting a strong week for the dollar, I will look for chances to get in some dollar buys this week.
Looking at this setup we have a bullish flag that indicates to me that traders are accumulating more dollars and a break to the upside is possible.
I usually require two touches on either side for this setup but since we are near 111:00, I am looking for a more conservative way to get in this trade this week for a better risk to read and high probability trade.
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis up on #USDJPY
Hello friends.
Last Friday we got a very strong NFP number well above estimates, that's why I am expecting a strong week for the dollar, I will look for chances to get in some dollar buys this week.
Looking at this setup we have a bullish flag that indicates to me that traders are accumulating more dollars and a break to the upside is possible.
I usually require two touches on either side for this setup but since we are near 111:00, I am looking for a more conservative way to get in this trade this week for a better risk to read and high probability trade.
Safe trading everyone
Check today analysis below⠀
>> you must know what is your risk before you get in a trade, many traders will only look at how much they will get
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
