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alanmythoughts

USDJPY Trading Idea

U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
alanmythoughts  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance
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supportandresistance
Inside bar formed previously, and right now bullish candlestick is formed. So I created both support and resistance lines based on the previous bar. My opinion is that if it goes above the resistance line, go LONG. If it goes below the support line, go SHORT.

Stop loss:
LONG = below support line.
SHORT = above resistance line.
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