USD/JPY BEARISH OR BREAK AND REVERSAL
Updated
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LET'S GO OVER USD/JPY!
As we clearly see price is trading inside this bearish channel, so we are clearly bearish making clean lower lows and lower highs
However, and for the bulls to kick in again we need a break above the marked major swing high and above the resistance zone
Then on the retest we will be looking for new longs
Meanwhile, and since we are bearish, and as per my trading plan
i will be waiting for the price to be approaching the lower bound of the trendline lining up with a strong support zone
Then i will be searching for new longs as well
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
LET'S GO OVER USD/JPY!
As we clearly see price is trading inside this bearish channel, so we are clearly bearish making clean lower lows and lower highs
However, and for the bulls to kick in again we need a break above the marked major swing high and above the resistance zone
Then on the retest we will be looking for new longs
Meanwhile, and since we are bearish, and as per my trading plan
i will be waiting for the price to be approaching the lower bound of the trendline lining up with a strong support zone
Then i will be searching for new longs as well
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Note
see you there guy: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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