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Hi traders,
Let's take a peek at the USDJPY 1hour chart attached below,
From my research, USDJPY has formed a few tops on the lower time frames such as the 5mins and 15mins chart where usually it will stop the uptrend and start moving slowly to the down side.
A sell entry here with a 30pips stop loss with a 60pips target profit will be a good return.
Let's see.
Let's take a peek at the USDJPY 1hour chart attached below,
From my research, USDJPY has formed a few tops on the lower time frames such as the 5mins and 15mins chart where usually it will stop the uptrend and start moving slowly to the down side.
A sell entry here with a 30pips stop loss with a 60pips target profit will be a good return.
Let's see.