Usdjpychartpattern
Perfect Sell in USDJPY (H4)Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. Here is a sell opportunity on USDJPY. The time frame used is H4 and D1. The support and resistance that you can see is of D1. Then we used the H4 time frame for our next analysis. The pair broke from its ascending channel and after that it also broke its resistance. After breaking its resistance it did a retest and then started falling again. From 107.600 it came back up a bit, hit the H4 resistance and then started falling again. As per our analysis the pair will fall till its support line.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R.Lopes
Sell on USDJPY after Breakout from Channel Hello fellow traders. Let’s have a pips-full week together. Our first analysis of the week is for the USDJPY. As we can see the support and resistance lines are taken from D1. The ascending channel is from H1. After the USDJPY broke the channel, the pair also broke support. Former support is now our new resistance. After breaking the resistance line, the pair did a retest of resistance and then started falling. Per our analysis the pair will continue its down-trend untill it reaches support.
If you decided to short the USDJPY, place your TP just above support.
I welcome your feedback. Please use safe money management and always keep a SL. Thanks.
Ryan.R.Lopes
