USDJPY, Short Idea
My bias for this pair is currently short, price looks to be slowing down after breaking out of an ascending uptrend support level, once it broke that level it formed a ranging market but with very small candles in the market H1 chart. Friday was not a very good day for trading anyway as the movement in the market was very minimal due to bank holidays over in the US, so next weeks open should bring back a lot more movement for us to eat off of! But this is what I am looking at for this pair to do, although I have been studying this pair and where the red resistance zone is, is a higher time frame liquidity zone and I also believe price may reach that level one more time before dropping off to a previous low... but only time will tell with that one.
Remember this is just my thoughts and out look on the current market and whatever I post is never set stone!
Thanks again, trade safe
Remember this is just my thoughts and out look on the current market and whatever I post is never set stone!
Thanks again, trade safe
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