USD/JPY Daily chart 12/01/20 #365

Hello everyone,

I am back with another chart. I was literally thinking almost an hour if I going to do this trade long or short.. I decided to do both.

I use good risk reward so the profit can be really good and I have my position set in a way so they can both be in a profit, but that's unlikely haha.

I want to long because there is EMA uptrend and a very bullish candle, MACD uptrend test and very strong spike after failing to break resistance.

I want to short because the price has tested a strong resistance level and ussualy have seen a move down, RSI is testing 60 which is a hard level to break and we USDJPY is in pretty long uptrend and I think there will be a correction down before another spike up.

And that's it!

#365

If you have any questions, feel free to ask me in comments or write me a private message, I will gladly answer your questions :)

Any tips are very appreciated!

Bitcoin address 1Nei3oJrTMNHvsffLRJGKBSGPEadeKLeia
Ripple tag 104830044 and adress rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh

Have a great rest of the day!