Bearish Bias on USDJPY
PAIR IN FOCUS: USDJPY
ACTION: SHORT
Price has printed a bearish engulfing candle which serves as a short trigger. Price is currently at the bottom of the critical zone and formed a lower swing high. Expecting price to break down the trend line this coming week alongside a bearish bias on a few USD pairs in the near-term.
The TP Zone and Stop Loss have been indicated on the chart.
ACTION: SHORT
Price has printed a bearish engulfing candle which serves as a short trigger. Price is currently at the bottom of the critical zone and formed a lower swing high. Expecting price to break down the trend line this coming week alongside a bearish bias on a few USD pairs in the near-term.
The TP Zone and Stop Loss have been indicated on the chart.
Trade closed: target reached
TP Zone reached! Price melted straight through it!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.