USD/JPY Analysis
Updated
Analysis:
-Price is still in uptrend higher highs,higher lows
-RSI is at 55, can still go to 70 area
-Price is still above 50 EMA(uptrend)
-Its always best to wait for confirmation to buy : if the price rejects at the green line we buy or if we see 3 bullish candles following each other with the candles being larger than the previous bullish candles
-Only risk 1% of equity
-With this analysis we have a 1:3 RISK:REWARD
-Price is still in uptrend higher highs,higher lows
-RSI is at 55, can still go to 70 area
-Price is still above 50 EMA(uptrend)
-Its always best to wait for confirmation to buy : if the price rejects at the green line we buy or if we see 3 bullish candles following each other with the candles being larger than the previous bullish candles
-Only risk 1% of equity
-With this analysis we have a 1:3 RISK:REWARD
Trade active
Trade closed: stop reached
Trade hit SL, no big deal we lost 1% 😏
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