USDJPY - Short idea
I have just shorted UJ based on this analysis you see here, Price has previously broken out of the supported trend line to the upside and we can see that after the break price has been ranging back and forth and it has tested the top zone of resistance multiple times now. Also the fact that price tested that level and rejected it to them come back and test once more and we can see price still showing rejection is giving me signs that this is a key resistance zone and is looking good for a sell down to the previous level of market structure.
These are only my ideas and opinion on the current market conditions :)
Thanks , Trade safe as always!
These are only my ideas and opinion on the current market conditions :)
Thanks , Trade safe as always!
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