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Wednesday, May 25, 2022

Yesterday’s USDJPY Buy trade closed at entry price
1 mins well spent

Technical reason for closing Buy USDJPY

USDJPY broken the top level of the falling wedge pattern, check here.

After breakout, we wait for re-test and expected this USDJPY to move up.

But USDJPY keep moving in sideways up and down between the entry price level for long time.

As per our signal rules, if the market is moving between the entry price level for long time (2 days), we recommend our traders to move their SL to entry price (or) to close the trade position at entry price level (break even).

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