USDJPY long term downtrend
Hi all,
this is a perfect time to make some money ;)
We have different confluences to go short on this pair:
-price just reached a weekly downtrend and formed a false breakout
-monthly downtrend acting as resistance (purple line)
-horizontal resistance (dotted line)
-daily shooting star near resistance
-4h uptrend breakout and close
Happy trading :)
this is a perfect time to make some money ;)
We have different confluences to go short on this pair:
-price just reached a weekly downtrend and formed a false breakout
-monthly downtrend acting as resistance (purple line)
-horizontal resistance (dotted line)
-daily shooting star near resistance
-4h uptrend breakout and close
Happy trading :)
Trade closed: stop reached
Unfortunately I didn't see this trend line, my mistake :( 
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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.