USDJPY Trade Idea

22 בדצמ׳ 2020

As per previous day's forecast, I expected the market to begin showing some bullish signs pushing through 103.680 resistance, and potentially re-visit 104.680. A great lesson from yesterday, was to not blindly trade the candlestick pattern especially if it's happening within a range, it's usually where big players and institutions looking to trap the retail traders. Today will be mainly focusing on the long opportunities if there's a breakout of 103.680, with 104.680 as the target.

Trade safe.

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