It seems that USD/JPY will continue to go long
USD/JPY June 20 2017
Well… I guess there is always a first time for everything right? J
I am learning to trade the market. Therefore, this is just an idea, my very first idea out there J
Constructive feedback, welcome, thanks!
I am expecting price to continue to go higher because:
1- Price closed above the 50 SMA
2- Price is above the 50% RSI
3- Price rejected the 110.580 level
Although I expect price to go higher, there is a resistance level at 111.650 on the 1 our time frame.
Enter a trade
On a 15 minutes time frame chart, wait for candle to close above 111.650 to enter a long trade.
TP around 112.500
Well… I guess there is always a first time for everything right? J
I am learning to trade the market. Therefore, this is just an idea, my very first idea out there J
Constructive feedback, welcome, thanks!
I am expecting price to continue to go higher because:
1- Price closed above the 50 SMA
2- Price is above the 50% RSI
3- Price rejected the 110.580 level
Although I expect price to go higher, there is a resistance level at 111.650 on the 1 our time frame.
Enter a trade
On a 15 minutes time frame chart, wait for candle to close above 111.650 to enter a long trade.
TP around 112.500
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