USDJPY
I will only be looking to trade this pair the following ways.
Option 1: Price retraces back to the 108.8 area. Here i will be looking for a buy signal and will take profit at the nearest swing high.
Option 2: Price goes through the 108.8 area and then retraces upwards to the support which has now become resistance zone. Here i will look for a sell signal with take profit at nearest swing low.
Kommentera:
Price decided to continue rallying up without a retrace. I will be watching this pair next week for it to retrace to the 108.8 area to seek for buy set ups.