Tempting The Yen Trend

Good Evening Dynamic Traders!

Three major time frames exhibit a certain down trend in play with the USD JPY pair.

Yet, the very same structures are acknowledging a support restraint, eager to display muscle; challenging the building brawn towards further frailty.

The weekly chart below illustrates this clearly with the formation of a triple cluster at a trend line, figure and fib breather support.

USDJPY weekly chart Advanced Get

Below is the daily chart for the same.

Note price neatly placed at the sharpened trend resistance, whilst the supports in sight temptingly seduce action in the favoured direction.

Heed the on and off chart indicators supporting price vulnerability in the making.

USDJPY Daily chart Advanced Get

Discerning Dynamic Traders will patiently perceive an entry signal, preferably selecting a tried and tested strategy.

This will ensure profits can be pipped comfortably, in harmony with the personal trading plan.

Consistent Traders are only born through steady 'strategy' play, never deviating from the rule book and through regular review of their results.

Consistent Traders always think in probabilities, trading each and every "edge" they see (as determined by their decree), and without the slightest hesitation.

Consistent Traders always pre-define their risk; they accept the chance and let go of the trade.

Consistent Traders know how and when to take profits when the market makes them available.

Determined Trading!

Saba Jackson