USDJPY SHORT SETUP
Possible short opportunity on USDJPY since I still see some bearish movements in DXY.
- Wait for break of Counter Trend line
- 4H candle close below the highlighted box
( if this doesn't happen and price keeps ranging draw another Counter Trend line and wait for the 4H candle to close below the box )
The trade is taken from a monthly key level and our 61.8% FIB got respected at this level.
Take profits where ever you want, I am aiming for our next weekly key level.
Close to a 1:2 R&R.
Happy trading!
- Wait for break of Counter Trend line
- 4H candle close below the highlighted box
( if this doesn't happen and price keeps ranging draw another Counter Trend line and wait for the 4H candle to close below the box )
The trade is taken from a monthly key level and our 61.8% FIB got respected at this level.
Take profits where ever you want, I am aiming for our next weekly key level.
Close to a 1:2 R&R.
Happy trading!
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