dakshmurkute

USD-JPY - can it be the end of correction ?

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USD-JPY has been correcting over a week now, and it seems to have finally reached a hot support-resistance zone.
This correction period took longer than I thought it would, Finally an excellent short entry with an appropriate risk-reward ratio.



Last week I got two short entries on this chart which got stopped at breakeven. I knew what the possibilities were on this chart and it went out really well.
What separates a pro trader from the others is that they keep their mind open for every possibility in the market. The market is always right; try never to oppose it. Don't trade with a stubborn mindset; instead, try to visualize things correctly.

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