USDJPY short setup
Here we see several factors pointing to a potential reversal this week
- supply/resistance zone retest
- elliott wave 5 sequence reversal
- rejection of 114 price level
- double top pattern
to go short would need to see a break of lower trend line with confirmation (lower high retest)
- supply/resistance zone retest
- elliott wave 5 sequence reversal
- rejection of 114 price level
- double top pattern
to go short would need to see a break of lower trend line with confirmation (lower high retest)
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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.