USDJPY is making lower high and lower low. But if you go to daily or weekly time frame, it is currently at very important support zone.
But before looking for reversal we can enter a short position.
There is multiple supporting confluences for short position.
#1 previous support zone into resistance
#2 trend line
#3 Fib Retracement
Use risk management when entering trade.
But before looking for reversal we can enter a short position.
There is multiple supporting confluences for short position.
#1 previous support zone into resistance
#2 trend line
#3 Fib Retracement
Use risk management when entering trade.
Note
Waiting for mondayNote
played out wellTrade closed: target reached
If you have entered this trade you can exit
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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.
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.