USDJPY 1H
We previously mentioned that the price shows weak buyer liquidity, and this encourages the seller to enter to control the price and sellers appear to enter on the momentum, as the momentum formed a negative difference supporting the decline. However, due to the presence of momentum above the ascending trend line, it is preferable to wait for the break of the trend line to enter selling with a safer and less risky signal, as the stop loss will be a four-hour close above the current area.
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.