USDJPY - Market is in an UPTREND - Buying the support
Hi Traders!
The market is in an uptrend.
As you can see, the market has formed a trendline (purple) in the higher timeframes.
It consists of the higher lows the market made and it shows that the market is very bullish.
Some weeks before, the market was not able to break the resistance.
But finally it got momentum and broke out successfully.
After that it performed a higher high.
Now the market falled back and is now retesting the resistance - now its a support - from above.
Because of the fact, that the market is in an uptrend and on a support simultaneously, it has more chances to move further up.
We recommend to buy the market in accord with the trend!
Thanks and good luck :)!
The market is in an uptrend.
As you can see, the market has formed a trendline (purple) in the higher timeframes.
It consists of the higher lows the market made and it shows that the market is very bullish.
Some weeks before, the market was not able to break the resistance.
But finally it got momentum and broke out successfully.
After that it performed a higher high.
Now the market falled back and is now retesting the resistance - now its a support - from above.
Because of the fact, that the market is in an uptrend and on a support simultaneously, it has more chances to move further up.
We recommend to buy the market in accord with the trend!
Thanks and good luck :)!
עסקה סגורה: הגיע לסטופ:
Hey Followers!
This week was crazy.
The SL is triggered, but there could be another trading opportunity:
Here we are trading the breakout of the trendline.
Have a nice day :)
This week was crazy.
The SL is triggered, but there could be another trading opportunity:
Here we are trading the breakout of the trendline.
Have a nice day :)
