So right now USDJPY has rallied 10%. and we are now hitting into resistance from the start of 2016.
If you look at point 1 you will see a yellow triangle. This is my no-trade zone. I will not be entering a trade whilst price is in this zone. If we break above the yellow triangle I will think about taking a long position.
Alternatively if we get a move down from here then you can think about shorting. Just bringing this to everyones attention.
If you look at point 1 you will see a yellow triangle. This is my no-trade zone. I will not be entering a trade whilst price is in this zone. If we break above the yellow triangle I will think about taking a long position.
Alternatively if we get a move down from here then you can think about shorting. Just bringing this to everyones attention.
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