Hello Traders I hope everyone is doing well. I am extremely excited about the new Forex Trading Journal and Fridays Webinar. Both will be coming out on Friday so if you have not signed up yet you can do so here.
The Yen has been gaining strength verses the Dollar and now it has hit a support level that seems to be holding for now. I think I am going to try a long position on this pair if I get a 1hr bullish engulfing candle.
Take a look at the 1 hr chart below and see how the pair is just hanging down there at the lower levels. That is an indication of strong support if the engulfing bullish bar forms we could see some more strength.
Here is another USDJPY post http://www.tradergav.com/2010/10/05/is-it-time-now-usdjpy-04-oct-2010/
Latest posts by casey (see all)
- Forex Power Indicator Training - February 2, 2018
- How to find the Right Currency Pair to Match Your Trading Strategy - January 12, 2018
- Using a Forex Checklist to Develop a Good Trading Habit - January 11, 2018
Winner’s Edge Trading, as seen on: