This is my trade idea for the USDJPY for the upcoming week. As you can see, it is in a descending wedge which indicates an uptrend coming. My suggestion would be to watch it closely once the market opens and watch out for news events.
My goal for this trade is around 20 pips. This trade may also retest the trend line so stay alert and check your confirmations for whatever strategy hat you are using.
And as always, please practice safe risk management.
My goal for this trade is around 20 pips. This trade may also retest the trend line so stay alert and check your confirmations for whatever strategy hat you are using.
And as always, please practice safe risk management.
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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.