Before proceeding to the next Resistance area,
we should keep in attention to the actual Support provided by A2SR.
- This is short-term things that can confuse the market on the USD strength analysis:
- The FED : Current interest rate is 2.0 percent.
- The Federal Reserve signaled it will raise rates to 2.5 percent in 2018.
- USDJPY still trapped in critical level 110.45 - 110.87,
because of concerns over the possibility of a US-China trade war
unsettled global stock markets at the end of a hectic week dominated by
contrasting central bank messages from the US and EZ.
Besides China, other countries may be involved on this trade war.
- On the situation like that, then as long as USDJPY still below 110.87
we prefer to wait price reaches actual Support as shown at screenshot below :
The trade plan above is requested by some friends
who interested in creating trade plan before
enter the market.
You can also create your own trade plan here.
How important is a trade plan ?
Find out here.
Get user's guide :
But, for people who do not understand the meaning of the picture above,
then it is true that trading forex may not be suitable for all people.
So, please ensure that you fully understand the risks involved in your trades depends on your knowledge
or your trade instruments..
- Do you already have trade positions, and market against you?
- -- A2SR will assist you by this technique.
By the way, a trade plan above is not trade recommendation,
but .. you can use it if you agree and understand that
-- or please use your own trade plan :)
Good luck, traders
wish you all the best