Here we see USD/JPY i in a bearish move to the down side. It is overall a buyers territory but the sellers are in control at this present time. I will execute my sell order @111.460. This is where my recent resistance is at. I will wait for market to show me it cannot break this area and then place my trade. My potential TP is @110.760. #SIMPLETRADING
TRADING TIP
Hunting for the good things in every aspect of life. When an obstacle comes our way we should not think about the negative results we got from this obstacle. But look at the positive and see what did you learn from this obstacle so it will not happen again. Taking this process into trading will help a lot. Failure is the key to success. You will not learn what you need to know if you don't fail. Take the negative feeling from the word FAILURE and you will see POSITIVITY flowing though out your life.
Trade closed: target reached: