USDJPY. SELL ZONE
In my opinion, we are in the perfect situation to sell.
I recommend to sell now half of the total position and the other 50% sell it when it breaks the upward trend in the lower TF. I used to take this strategy when i want to make sure i am in the correct trend of the market to invest all the trade.
We are right in touching the high part of the downtrend so it is a good time to see drops towards the lower trendline of the descending triangle.
Another point in favor of the sale is that the candlestick patterns in the one-hour TF are very bearish.
I recommend to sell now half of the total position and the other 50% sell it when it breaks the upward trend in the lower TF. I used to take this strategy when i want to make sure i am in the correct trend of the market to invest all the trade.
We are right in touching the high part of the downtrend so it is a good time to see drops towards the lower trendline of the descending triangle.
Another point in favor of the sale is that the candlestick patterns in the one-hour TF are very bearish.
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