I missed a huge part of the downward trend, but USDJPY has reached the supply zone, and a resistance that has been tested quite a few times.
I will be entering trade with short right above the resistance.
This isn't the safest trade, as I already missed the initial downfall. However I think there is still more to go.
All discussions, questions, criticism are welcome and encouraged. I am on a journey to become a profitable trader, and I will be posting all my analysis even if my predictions are way off. This is the only way to get better; through constructive criticism
I will be entering trade with short right above the resistance.
This isn't the safest trade, as I already missed the initial downfall. However I think there is still more to go.
All discussions, questions, criticism are welcome and encouraged. I am on a journey to become a profitable trader, and I will be posting all my analysis even if my predictions are way off. This is the only way to get better; through constructive criticism
Note
On its wayTrade active
I have stayed on my position and never took profit yet. It seems like there is more to go.Huge gains on this trade
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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.