EMkioko

Usdjpy looks bearish in the start of 2024

Short
FX_IDC:USDJPY   Dollar Américain / Yen japonais
Am basing my argument on the bearish flag that has been printed in the recent price action.

Bearish flags are characterized by the small wicky candles that print against the trend, a sign a market has paused a bit before the continuation of the trend with a major move.

This from my backtests have always been high probability setups. We shall revisit to see how it goes.

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