USDJPY - Short Trade Idea
USDJPY - Short Idea
- Bearish: Downtrend
- Rejection of 4 Hour 50ema
- Double top formation
- Reversal out of Fibonacci Golden Pocket
- DXY - stalling at structure of 98.25
- Safe Haven currencies in demand due to Yield Curve Inversion
Price is very corrective and the Risk/Reward isn’t fantastic as you would need a large stop loss but it’s certainly a valid trade with multiple confluences.
Pay attention to the level of 105.65 which is acting as a fairly strong level of support.
Instagram: thetraveltrader (instagram.com/thetraveltrader)
Twitter: Fx_ollie (twitter.com/fx_ollie)
- Bearish: Downtrend
- Rejection of 4 Hour 50ema
- Double top formation
- Reversal out of Fibonacci Golden Pocket
- DXY - stalling at structure of 98.25
- Safe Haven currencies in demand due to Yield Curve Inversion
Price is very corrective and the Risk/Reward isn’t fantastic as you would need a large stop loss but it’s certainly a valid trade with multiple confluences.
Pay attention to the level of 105.65 which is acting as a fairly strong level of support.
Instagram: thetraveltrader (instagram.com/thetraveltrader)
Twitter: Fx_ollie (twitter.com/fx_ollie)
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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.