Expecting sell on USDJPY. It dropped from Value Area and now building volume to drop down further. I shall wait for 3rd touch on top before selling.
I am looking to short USDJPY on Daily TF after it bounces from 200 EMA with a target of around 270 pips as TP and around 125 pips SL.
GBPAUD is on major down fall and 4 hour chart showing a strong rejection from the top trend line.
1 day analysis says either market will bounce off fib golden ratio (0.618) or if it breaks then i expect to go drop further and hit TP1
Currently trend is in a downtrend on 15 min chart respecting a trend line. once it breaks the trend line and MACD cross above the histogram, I am expecting 20 pips from this by taking a BUY call
