Closed trade on USDJPY giving us with 35% boost in capital. Its a great trade and the reason I closed is because of the strong resistance. Also, there’s a doji that formed this morning. I don’t want to risk the profit if all the indicators are telling me its still uncertain.
As a rule of thumb for me when trading forex, I get out when I am confused. As of this moment, USDJPY is in a confusion as both buyers and sellers don’t know where to go. As proof, a doji formed. I’d rather be on the sidelines or open a position on the sell side since its a lot closer to a resistance line. But that’s just me.