Hello everybody! We are currently in a downtrend on USDJPY on a daily and weekly timeframe, and we could expect another aggressive impulse, creating a lower low. The price has just retested the daily support that became resistance, and also the EMA. MACD lines are below 0 and the moving averages are also showing confluence to this bearish scenario. Moreover, the CS Indicator is indicating USD getting weaker, while JPY strengthening.
USDJPY
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USDJPY
USDJPY
Commentaire:
SL was activated due to some pips and then TP was reached with a strong impulse, as mentioned in the strategy