USDJPY: Potential Short Trade Explained 🇺🇸🇯🇵
On a today's live stream, we discussed USDJPY pair.
The price is currently approaching an important zone of confluence:
we see a perfect match between a horizontal supply area and 618/786 retracements of the last 2 bearish impulses.
To short the pair with a confirmation, watch a double top formation on 4H.
We need a 4h candle close below 134.3 - 134.6 horizontal neckline.
Then selling on a retest, our initial target will be 133.0
Alternatively, if the price sets a new higher high on 4H, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Note
Check my new idea on AUDUSD: 
âś…Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
âś…Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
❗️YouTube Channel youtube.com/c/VasilyTrader
đź’°Instagram: instagram.com/VasilyTrader/ đź’°
âś…Facebook: facebook.com/VasilyTrading/ âś…
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.