Smiler4411

USDJPY Long or Short??

FX:USDJPY   U.S. Dollar / Japanese Yen
This trade looks 50/50 to me right now.

Pro's:
Broken resistance level
In trend
structure levels for profit targets
Bullish RSI divergence

Cons:
Under the EMA's meaning the underlying market is bearish
The candle stick formation looks weak

I'm going to sit on my hands and wait for a stronger signal to buy or sell.



Comments

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