USDJPY 1st impulse is required for sell ( Watch TOP )

Hi there,

USDJPY is still pushing for upside. We are expecting longer term drop back in the correction which we are having since December 2016.

How we can trade on this chart.

1. On lower time frame price is still pushing for up side and it can push up for couple of more pips. So if you will sell without understanding the price action then your entry will be early and you can get stopped out before you see reversal. So what you should do you should watch the top and should look for 1st impulse if you see that is coming out then join thet if not then wait for that to appear.

OR

2. Let it fall from the cliff and then watch for the correction and then sell. If not sure then have look on my GBPJPY trade setup.


Good Luck

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Amazing fall.

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That's called extraordinary stuff But only for members First.

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Please support the setup with your likes, comments and by following on Trading View thanks

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