There is a short opportunity for USDJPY.
As shown once before, we have broken a long uptrend of over 75 days.
We have already been rejected once from this trend bearish, which for me is a sign of further correction.
Currently we are just at the 0.786 FIB leve, a daily S/R and we have a bearish trend in the 4h timeframe.
The Sell signal, along with the one already mentioned, should serve as an entry.
Target is at least(!) the lower 4H S/R, but I rather assume that we will see the green marked zone in the medium term.
As shown once before, we have broken a long uptrend of over 75 days.
We have already been rejected once from this trend bearish, which for me is a sign of further correction.
Currently we are just at the 0.786 FIB leve, a daily S/R and we have a bearish trend in the 4h timeframe.
The Sell signal, along with the one already mentioned, should serve as an entry.
Target is at least(!) the lower 4H S/R, but I rather assume that we will see the green marked zone in the medium term.
Trade active
Trade closed: target reached
yep, that signal was good. :)
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.
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.