Hello and welcome to another weekend of basic forex charting. I want to focus on charts worth trading and where to find support, resistance, and potential targets. Every line you see on the 6hr charts below is a potential trade entry (including the bands). It’s nothing more than buying at support, selling/shorting at resistance, and most importantly of all – getting the hell out when the lines break to preserve my capital.
Enough from me, let’s let the charts speak for themselves.
USD/JPY 6hr. Not really for trading but for supporting trades on other yen pairs. But nothing preventing a trade here either.