0309 4HPLAN USDJPY could test 108.1-108.7 before a new leg up
Hello traders,
On daily chart, USDJPY is moving uptrend channel after a strong impulse leg start from Jan, 2021.
Now the trend is still continue but making correction inside the slow blue channel.
The gold triangle is now waiting for a breakingthrough for a new leg. It could up to test Daily Resistance or down to test Daily support level, but I prefer the to test the support first.
So here is the plan:
A. waiting for a breakingthrough signal to sell to 108.1-108.7 to hun at least 100 pips.
B. waiting for a retest of the blue bottom band to buy to next Resistance zone.
NFP today in NY session.
Let wait for more clear signal after that.
GOOD LUCK!!!
LESS IS MORE!
On daily chart, USDJPY is moving uptrend channel after a strong impulse leg start from Jan, 2021.
Now the trend is still continue but making correction inside the slow blue channel.
The gold triangle is now waiting for a breakingthrough for a new leg. It could up to test Daily Resistance or down to test Daily support level, but I prefer the to test the support first.
So here is the plan:
A. waiting for a breakingthrough signal to sell to 108.1-108.7 to hun at least 100 pips.
B. waiting for a retest of the blue bottom band to buy to next Resistance zone.
NFP today in NY session.
Let wait for more clear signal after that.
GOOD LUCK!!!
LESS IS MORE!
