Bearish USDJPY for week 2024-07-06
1st July has a breakout of UT, confirming a BOS, and attempt for top trend channel.
2nd July has EQH, signals a buy-side liquidity.
3rd July a BOS with UTAD confirms a short signal, with the next bar heading towards sell-side liquidity and attempts to break down to the bottom of trend channel!
4th July a confirmation of bottom trend channel break, leaving trails of bearish candlestick patterns
With the bearish outlook from last week, a possible bearish setup maybe around 161.15 zone with TP at 160.
2nd July has EQH, signals a buy-side liquidity.
3rd July a BOS with UTAD confirms a short signal, with the next bar heading towards sell-side liquidity and attempts to break down to the bottom of trend channel!
4th July a confirmation of bottom trend channel break, leaving trails of bearish candlestick patterns
With the bearish outlook from last week, a possible bearish setup maybe around 161.15 zone with TP at 160.
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