USD/JPY - Short-Term-Trade - Market Update
We've been in a pretty strong -BULLISH- market since last week. Although at the close of the candle last Friday really didn't give us any entry opportunities. The question is... What should we be expecting?
As of right now we should reach our Minor Resistance Area of 113.200 as that is a nice potential target. We did have a nice trend-line rejection + 61.8% Fibonacci Rejection but sadly I wasn't on to catch that trend. So what I am waiting for our 2 things.
1) Either see a strong pull-back and then a Bullish continuation. This can also be a Trend-Line Rejection
2) See price close -BELOW- our trend-line and aim for our Weekly Support Area of 111.500
Until either one of those happen I will NOT be in a entry; as patience is a KEY factor when it comes to trading. On a side note if our Minor Resistance area get's passed our Main overall target should be our Weekly Resistance of 113.500 (Not shown Above).
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFXgmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.
As of right now we should reach our Minor Resistance Area of 113.200 as that is a nice potential target. We did have a nice trend-line rejection + 61.8% Fibonacci Rejection but sadly I wasn't on to catch that trend. So what I am waiting for our 2 things.
1) Either see a strong pull-back and then a Bullish continuation. This can also be a Trend-Line Rejection
2) See price close -BELOW- our trend-line and aim for our Weekly Support Area of 111.500
Until either one of those happen I will NOT be in a entry; as patience is a KEY factor when it comes to trading. On a side note if our Minor Resistance area get's passed our Main overall target should be our Weekly Resistance of 113.500 (Not shown Above).
*This is NOT a signal. We are NOT responsible for any types of losses you may encounter. For information on our Advance Training and Mentor-ship please email us at TheForexClubFXgmail.com
NOTE: We are currently holding a end of the month promotion. For more information please email us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.