We are trading long on USDjpy this morning We enter at 116.380 and exit at 116.695.
That is about 30 pips for day traders. But let me tell you where we are headed in the Forex Mechanic Workshop. Now look at the Monthly chart above and guess where the price will be heading for the rest of the year 122.371. Its heading for the next support. Which is about 500 pips. But no one can determine when it will get there. It may be this month or next month. Now in case the present candle retraced and form hammer. Then we shall start looking to head South. If not we are in for a long drive toward the North.
Enjoy your day
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