allmanjack

Opinion's on this trade?

FX:USDJPY   U.S. Dollar / Japanese Yen
118 views
3
new to trading looking for constructive criticism on this set up
thanks

Comments

Hi,

In my opinion, this pair is in a period of consolidation. I am waiting a break either to the upside or downside. Then a pullback into that area, that's when i would enter the market.

At the moment we could go either way..

good luck with your trading
+1 Reply
I understand your technical indicators but do they inform you where you would comfortably place a deal. Especially on such a complicated pair. As you can see, the last eight days have not been easy to call apart from the candle on the 23rd April which covered the candle on the 22nd and so that was a sell. But todays candle did not get below the price of yesterdays so what will happen now. Sorry for the long reply. Whatever indicators you use, be sure to have a set strategy before proceeding with real money. If you are not profitable on demo then you won't be profitable in real trades.
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