Usd/Jpy short
Following up with UsdJpy
Seeing weakness and rejection of weekly resistance zone
Ma coming closer together potentially crossing (Great sign of Market reversal)
Red candlestick to close out the day for the middle of the week (Indication of selling pressure as US had FOMC Meeting and CPI Reports this week)
Using Fib to Mark key level of potential support/pullback
Currency meter as of now shows weakness in both pairs after a push-up like the one we seen in the recent past this could be a sign of Yen taking back some momentum from the Inflation and safe yielding of the Dollar.
Great opportunity to Catch some Pips from this short position
DYOR
Proper risk management
NOT FINANCIAL ADVICE
Comment ideas below
Best of luck trading
Kwmae
Seeing weakness and rejection of weekly resistance zone
Ma coming closer together potentially crossing (Great sign of Market reversal)
Red candlestick to close out the day for the middle of the week (Indication of selling pressure as US had FOMC Meeting and CPI Reports this week)
Using Fib to Mark key level of potential support/pullback
Currency meter as of now shows weakness in both pairs after a push-up like the one we seen in the recent past this could be a sign of Yen taking back some momentum from the Inflation and safe yielding of the Dollar.
Great opportunity to Catch some Pips from this short position
DYOR
Proper risk management
NOT FINANCIAL ADVICE
Comment ideas below
Best of luck trading
Kwmae
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