Currency Pair: USD/JPY
Date: May 03, 2019
This is an application of the few rules I have learned about trading forex.
- Support and Resistance
- Pattern Trading
- Price Action
- Trends
Some thought on this pair:
The pair is kind of wedging up. It is creating a point of pressure in that price will have to either do one of three things.
(1) Bounce
(2) Break
(3) Float
These three things could happen in a combination kind of like a boxing combo. Or as simple as one. These 3 principles are relevant to price action at its current price and range. Keep a lookout for this pair. Whether I am correct or not I think in the next 140 days you will either catch a lot of pips trading a up/down - trend. Once the trend is established I know I will be on a lookout. Wish you luck in the ability to catch the opportunities while you can.
Change the different timeframes to see the full technical analysis.
Trading Journal Entry: 1
By: Austin S.
Date: May 03, 2019
This is an application of the few rules I have learned about trading forex.
- Support and Resistance
- Pattern Trading
- Price Action
- Trends
Some thought on this pair:
The pair is kind of wedging up. It is creating a point of pressure in that price will have to either do one of three things.
(1) Bounce
(2) Break
(3) Float
These three things could happen in a combination kind of like a boxing combo. Or as simple as one. These 3 principles are relevant to price action at its current price and range. Keep a lookout for this pair. Whether I am correct or not I think in the next 140 days you will either catch a lot of pips trading a up/down - trend. Once the trend is established I know I will be on a lookout. Wish you luck in the ability to catch the opportunities while you can.
Change the different timeframes to see the full technical analysis.
Trading Journal Entry: 1
By: Austin S.
Not
Part 2/4
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.