USDJPY SHORT ( Just an IDEA )
Pair Name : USD JPY
Time Frame : 1HR
Scale Type : Large
price has broken structure to the downside on the 30 min after and is now trading at a 4hr resistance area and waiting for confirmation formations on the lower time frames
reason for trade
Price trading at 4hr resistance
price has made a significant retracement into the 61.80 area
waiting for bearish formation on the lower time frame
also there has been no significant movement after FOMC so I am assuming large volume will be coming into the market soon hence don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Time Frame : 1HR
Scale Type : Large
price has broken structure to the downside on the 30 min after and is now trading at a 4hr resistance area and waiting for confirmation formations on the lower time frames
reason for trade
Price trading at 4hr resistance
price has made a significant retracement into the 61.80 area
waiting for bearish formation on the lower time frame
also there has been no significant movement after FOMC so I am assuming large volume will be coming into the market soon hence don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
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