Usd/jpy short opportunity!!!
Top down Analysis!!
Daily timeframe
We are in a continuation to downside price forming "lower Highs" and "lower lows" we have EMA crossover to downside and plus cot data indicating institution are heavy buying japanese yen
h4 Timeframe
We are seeing price continue forming "lower highs" and 'lower lows" indicating Price will continue to downside and also respecting market structure and trendlune.
H1 Timeframe
Price retraced all the way to test the previous "Lower highs" and we see a nice rejection at around 107.400 level which is a complete retest and now we shall see a nice melt down of usd/jpy to test the previous lows . nice momentum to downside and see shall see a nice rollover to downside
Daily timeframe
We are in a continuation to downside price forming "lower Highs" and "lower lows" we have EMA crossover to downside and plus cot data indicating institution are heavy buying japanese yen
h4 Timeframe
We are seeing price continue forming "lower highs" and 'lower lows" indicating Price will continue to downside and also respecting market structure and trendlune.
H1 Timeframe
Price retraced all the way to test the previous "Lower highs" and we see a nice rejection at around 107.400 level which is a complete retest and now we shall see a nice melt down of usd/jpy to test the previous lows . nice momentum to downside and see shall see a nice rollover to downside
Trade active
we are getting a beautiful retest now gonna sell
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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.