USDJPY seems to be at the top considering a very consistent trend channel that started in early April 2016. In this chart particularly I'm using an inner channel to help define possible support / resistance levels. These also help create a clearer picture of the possible continuation or ending of the trend when digging into 5m and 15m charts.
USDJPY seems like a good trade, but I'm a newbie, so please share your feedback. Have a great weekend!
Hey @TradZ, I'm very curious to know how you came to that conclusion! Would you like to take a minute to show me?
TradZ
⋅
Srry I'm late, busy trading@The moment. What can I say, a lot of studies and watching the markets on how they react. I've been watching this pair for awhile now and quite frank, it's the ONLY pair I currently trade so, I know where it is headed. Plus, I'm just riding the wave:)
Follow me and I will hit you later. Have to focus:)
UnknownUnicorn468659
⋅
Sure great, thanks and good luck with that trade. Would love to hear about that later then!
TradZ
⋅
Will do! I have three positions opened on this 0ne lol and I've been scalping it yesterday. To be continued...
TradZ
⋅
Yes I'm still In the trade(s) if you are wondering. But I now have 5 positions opened lol