USD/JPY: Simple Trading Tips for Beginner Traders for July 7th (U.S. Session)
USD/JPY: Simple Trading Tips for Beginner Traders for July 7th (U.S. Session)
Trade Review and Tips for Trading
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Trade Review and Tips for Trading the Japanese YenThe price test at 145.10 occurred when the MACD indicator had already moved far above the zero mark, limiting the pair's upward potential. For this reason, I chose not to buy the dollar. A second test of 145.10 provided an entry point for implementing Scenario #2 for a sell trade, but the expected downward move did not materialize, resulting in a loss on the position.No economic data from the U.S. is expected
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