USDJPY is getting ready for next big movement!
Hey guys,
Based on the chart, a major resistance area is broken and currently we are in a range market that I consider it as a simple correction for the next movement of price.
I've defined 3 levels of take profit and with consideration of risk/reward 1/3.7, it be a good trading opportunity.
Good luck!
Based on the chart, a major resistance area is broken and currently we are in a range market that I consider it as a simple correction for the next movement of price.
I've defined 3 levels of take profit and with consideration of risk/reward 1/3.7, it be a good trading opportunity.
Good luck!
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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.