Very strong bullish momentum present. Looking for a nice bullish candle to open and close before going long.
Going Long on USD/JPY. Green line is local resistance and orange line is resistance from H4 timeframe. I placed my stop loss just below strong support level tested numerous times. Did I enter into this trade too early? Will price continue to head down?
Daily Chart shows strong Downtrend. Green Lines shows potential take profit targets. Other traders are looking to go long for USD/CAD and im wondering why? Am i missing something here? What i am seeing now is that price has reached a strong support level tested multiple times in the past and is currently consolidating. Im waiting for a break & retest to continue...
Thinking About going Short. Using 1D Chart. Green Lines Portrays Take Profit Targets. Red Lines Portray Stop Loss Zone. What do you think?