*USD/JPY - POSSIBLE BEARISH TREND*
Updated
USDJPYhttps://www.tradingview.com/x/DEl9GUA5/
Daily chart: Price rejected SMA 200. The pair has been trending downward on the daily chart .
Price is making lower highs and lower lows overall.
Entry: Entry on third bearish candlestick, if price rejects EMA 21 on 4Hr chart.
Exit: Exit when target is hit or stop loss is triggered.
https://www.tradingview.com/x/0bZVVMe9/
R/R: 1.1 - 1.6
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ALPHA1RESEARCH.COM
Trade active
Price followed through to the downside before briefly crossing above the EMA 21 on the 4Hr chart.Trade active
Price has been consolidating, but is still respecting the 200day moving average. Wait for bearish confirmation.
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