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As shown on the chart, wait for price to make a higher low formation on the Daily timeframe to position for a buy trade.
Weekly is extremely bullish seeing the candles forming as rejection from strong support, as well as the H4 timeframe showing a retracement into the deeper Fibonacci ratios to create for a better R:R opportunity!
Weekly sitting at a 88.6 FIB level, coupled with a strong Daily rejection off a major Resistance. Looking to sell on a Lower High formed on the Daily timeframe to continue with the overall downward trend continuation!
USD/JPY Short
Price is at strong resistance on the Daily Timeframe, and lower TF's are showing breakouts in bearish momentum.
A good entry opportunity to be gained!
My analysis on GJ! Wait for price to reach waiting signal of confluence. Expect price to continue downward potential to target areas TP1 and TP2. **SWING TRADE**
Looking like a strong buy for USDJPY on H1
Downtrend structure was recently broken, and the market broke past the strong trendline that the market had been ranging in for a while.
Blue ema is over Red SMA on all lower timeframes, confirming bullish trend.
*Read all my confirmations in the text box**
**Expect market to reach R1 pivot, or to break it**