USDJPY SHORT
USD/JPY will be my watch list pair for next week trading plan
For the Daily & Weekly assessment, both of the timeframe erase the last high record (114.00) and close with a bearish engulfing.
Currently (H1) , price had congested below the level of 111.650 (Which is the strongest support area formed at 07 February 2017) and formed sideway formation below
the level of 111.650
In my point of view, sellers keep the control when it reach 111.650 and this level already tested for 3 times ,so i would like enter a SHORT position to test out the market reaction ..
However, we have to pay attention on the USD news next week , it may impact the direction of the pair
#Trade Safe
For the Daily & Weekly assessment, both of the timeframe erase the last high record (114.00) and close with a bearish engulfing.
Currently (H1) , price had congested below the level of 111.650 (Which is the strongest support area formed at 07 February 2017) and formed sideway formation below
the level of 111.650
In my point of view, sellers keep the control when it reach 111.650 and this level already tested for 3 times ,so i would like enter a SHORT position to test out the market reaction ..
However, we have to pay attention on the USD news next week , it may impact the direction of the pair
#Trade Safe
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