USDJPY – Trading Plan

The USDJPY is trading near a LT, and since in the ST it isn’t well defined, we’ll have to wait for the USDJPY to break the range before looking for any trade opportunity:

USDJPY
USDJPY

If the USDJPY breaks the upper green resistance level, it will trigger a bullish market condition and only long opportunities will be in play.

If the USDJPY breaks the lower green resistance level, it will trigger a bearish market condition and only short opportunities will be in play.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/

Tags:


Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .