USDJPY: Trade Opportunities at 106.00 Resistance
The market should be added to a watchlist. The price reached the key resistance at 16.00 level. We got a bearish candle which confirmed the price reversal from the zone. During the next week, we will be able to search for trade opportunities for shorting.
If the price breaks the resistance zone, it will allow us to join the upward movement as well.
All trades must be used with stop orders. Risk per trade must be 1-2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the price breaks the resistance zone, it will allow us to join the upward movement as well.
All trades must be used with stop orders. Risk per trade must be 1-2% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.