Lesson from USDJPY: Dont igore the red line
Please comment below or leave us a like to support.
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Traders,
This is not a signal to trade.
Sorry that we have a weekly trendline that blind our eyes for such long time.
And we just kept ignoring the red support line which has three times opportunities to follow daily current trend.
Stop loss hit , this is good , becoz it stop bleeding.
Ok, back to this chart, what can you see?
This is a daily chart.
No need to remind you that we do not want to against the trend ( red trendline).
So the plan is enter a long trade on 4h chart, once UJ pull down a little to give us a better position to setup our stop loss. Targets are the two blue lines 113-114.5.
Less is more!
Follow us to get more update on weekly outlook every week.
Traders,
This is not a signal to trade.
Sorry that we have a weekly trendline that blind our eyes for such long time.
And we just kept ignoring the red support line which has three times opportunities to follow daily current trend.
Stop loss hit , this is good , becoz it stop bleeding.
Ok, back to this chart, what can you see?
This is a daily chart.
No need to remind you that we do not want to against the trend ( red trendline).
So the plan is enter a long trade on 4h chart, once UJ pull down a little to give us a better position to setup our stop loss. Targets are the two blue lines 113-114.5.
Less is more!
