WAIT PULLBACK ON RESISTANCE - 6J1! JAPANESE YEN TRAPPED IN RANGE
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The market is trapped in a range. Wait for a break of the support/resistance.
The resistance has been tested several times. this has increased the probability of seeing a pullback
happening again at that price level.
Solution:
-Wait for pullback on resistance or break of support before entry.
-If you are already in, take your profits when possible and wait strong signal to enter again.
___________________________________________________________________________
The market is trapped in a range. Wait for a break of the support/resistance.
The resistance has been tested several times. this has increased the probability of seeing a pullback
happening again at that price level.
Solution:
-Wait for pullback on resistance or break of support before entry.
-If you are already in, take your profits when possible and wait strong signal to enter again.
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