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Hello fellow traders,
USDJPY seems to be losing steam near highs of Feb and Mar this year near 114.50 level. I expect the price to correct to 111.50 levels
before resuming uptrend. The idea isnot to sell here but to wait for the pullback to the area shown by the coloured rectangle in the chart
and look for a decent bullish price action to enter the trend. If you don't know how to enter a trend then read my article about how to enter a trend with a good risk to reward ratio.
Please tell me in the comments, what you feel about this setup.
Happy Trading to all.
USDJPY seems to be losing steam near highs of Feb and Mar this year near 114.50 level. I expect the price to correct to 111.50 levels
before resuming uptrend. The idea isnot to sell here but to wait for the pullback to the area shown by the coloured rectangle in the chart
and look for a decent bullish price action to enter the trend. If you don't know how to enter a trend then read my article about how to enter a trend with a good risk to reward ratio.
Please tell me in the comments, what you feel about this setup.
Happy Trading to all.
