USDJPY Short? Patience is key here
Yes, price reached the white Center-Line, which means: Price is at balance.
And yes, price is at the red U-MLH, which means: price is stretched.
Two good indications that a potential breather is lurking in the throat. But I'd better wait for more evidence. More momentum to the south.
Not stalking yet, but observing on the lower time frame too.
And yes, price is at the red U-MLH, which means: price is stretched.
Two good indications that a potential breather is lurking in the throat. But I'd better wait for more evidence. More momentum to the south.
Not stalking yet, but observing on the lower time frame too.
Trade active
Rejected from the CL this is the trigger to short:
Note
At the 1/4 line, there's support in sight.
Note
As expected, price found support at the 1/4 line.
With a stop above the last pivot, we are in good shape.
Expecting more downside to come.
Note
Wonderful, just wonderful how price got rejected at the TrendBarrier:
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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.