After being part of the second wave of the bullish journey that began 3 months ago; the appearance of a reversal pattern on the 4H timeframe might just be a signal that selling momentum is evolving behind the scenes as we head into the new week. In this video, I shared my technical opinion and how I plan to trade the USDJPY in the coming week.
since Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
since Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active
The Bearish trendline appears to be my guide for selling opportunities this week and if the price rises back to the neckline at 143.750, a multiple rejections of this level will also support a bearish perspective.Good morning
Trade active
Price continues to move as expected as the bearish trendline remains my yardstick for bearish tendencies.Good morning
Trade closed manually
Stopped out at entry. Let's see what happens after the Consumer Price Index which has affected the USD positivelyNote
After being taken out of the sell position due to the result of the Consumer Price Index yesterday; considering the multiple rejections of the supply zone @ 145.000 zone, the current setup still portrays a bearish expectation. If a breakdown/retest of 143.750, I might be thinking of a sell continuation today.Good morning
Trade active
breakdown/retest of 143.750 confirms my expectation. I am moving my stop-loss to break even.Trade active
Are we having another rejection of the neckline?Good morning
Trade active
Price action continue to move as expected
Trade smart. Trade consciously
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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.
Trade smart. Trade consciously
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.