Hello Trader, as we enter a new trading week, let's remember to ensure proper risk management ahead of the US elections.
I'm expecting more downside on the USDJPY pair. If Sunday's open the new week with a rally upwards, we anticipate short orders to be mitigated around 105.000 level. Otherwise, I'ld wait for price to trade lower taking out friday's low and wait for a breaker pattern (ICT) to go short around 104.500 level. My target is seen on the chart.
I wish you good trading, and a profitable week.
I'm expecting more downside on the USDJPY pair. If Sunday's open the new week with a rally upwards, we anticipate short orders to be mitigated around 105.000 level. Otherwise, I'ld wait for price to trade lower taking out friday's low and wait for a breaker pattern (ICT) to go short around 104.500 level. My target is seen on the chart.
I wish you good trading, and a profitable week.