Technical analysis of USD / JPY currency is applied through the approach of the zigzag indicator and the candle data pattern. What kind of steps can be done to get the optimal profit on trading opportunities this time?
The sell-sell opportunity for USD / JPY market, taken from ZigZag data formed this morning and the dominant seller candle data pattern one week ago.
A sell execution should be done when the price approaches 109.729 or 109.846 area, with the consequence of Stop Loss at 109,950. if the price rises and breaks through the SL, the wait and see can execute at 109.950 or 109.846 with the consequent stop loss at 109.729.
Taking profit is recommended 5-15 pips only. If you want to take more, use a trailing stop.
Always be alert, watch, and follow the flow of any price movements that occur. Use good lot management.
In addition to this opportunity trading article, I make a trading opportunity USD / CAD.