USDJPY Expect Short Term Sell Setups
Mis à jour
Hi traders:
Most of the USD and JPY are looking to continue the strength,
and looking at USDJPY's price action, I am more leaning towards the JPY strength to lead to a sell potential.
We can see that price is now forming a potential double tops, together with the ascending channel correcting to the previous highs.
we could see price forming the "M" style reversal structure, and expecting the bearish price action to breakout from the channel and continue.
Personally I would be patient here, and wait for price to break down first impulsively,
and follow by continuation correction on the lower time frame for the entry down to previous lows.
thank you
Note
Note
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.