USDJPY is entering a interesting area that has been respected before. If we look to the past we can see that price has reversed here before. BUT this is just one level and big money will do everything to get people into the wrong side before they leave us hanging. So the level may be tested and also broken to the upside for a while only to turn when enough buy...
EURCAD hit Supply level after last weeks break. Taking a short with a decent R/R.
Like the last trade it is still US election and markets are volatile. So please stay safe and do your own research.
Best of luck,
MRP
Supply & Demand level hit on bigger timeframes after last weeks break and shift in valuation.
U.S Election will probably cause big volatility in this pair and therefor should be taken with caution.
Risk small, Trade safe, Do your own analysis.
Stay green.
MRP
I am entering a short position at this Price. It has been running higher for weeks and I believe it has hit a potential "reversal zone" and I believe we will have a correction of a couple of hundred pips.
Wish me luck!
Kind Regards,
Price
USDJPY is entering a key area in my opinion. I am Long below 105 with a 5:1 Risk to Reward.
All the encertainty in the world make me alittle hesitant but the risk to reward is to good for me to pass on it.
Good luck to us all.
MP
