USDJPY SHORT
Still in a downtrend with several rejections of trendline, creating new lower highs, failing to make higher highs.
Perfect wick rejection of the 0.618, which lines up nicely with the 50MA, descending trendline and the resistance area.
Perfect wick rejection of the 0.618, which lines up nicely with the 50MA, descending trendline and the resistance area.
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.