Starting this week off with USDJPY on Friday we saw the NFP and other red folder USD news shift this pair higher and into a bullish range, now as always we don't want to just jump into a bullish range from a bearish pair.
this doesn't me we wont trade the range it just means we are going to look into a more conserved methods to enter any buys.
overall this move is provided by a shift from news so we are going to treat it like every news POI we come to within our trading days, confirm and protect.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
this doesn't me we wont trade the range it just means we are going to look into a more conserved methods to enter any buys.
overall this move is provided by a shift from news so we are going to treat it like every news POI we come to within our trading days, confirm and protect.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
