USDJPY. Downtrend is still going?
Hello everyone!
This is my idea on USDJPY. This pair is in a Downtrend for a long time.
I have 2 setups, going SHORT below 106.416 and going LONG higher than 106.943. For both scenario I will wait for price to make its move and I will wait for confirmation and candlestick patterns.
I have also see that last week price closed with a bearish engulfing pattern at trendline and at a 50% fibo retracement.
Thanks for reading and if you like my work support me with a like or comment!
This is my idea on USDJPY. This pair is in a Downtrend for a long time.
I have 2 setups, going SHORT below 106.416 and going LONG higher than 106.943. For both scenario I will wait for price to make its move and I will wait for confirmation and candlestick patterns.
I have also see that last week price closed with a bearish engulfing pattern at trendline and at a 50% fibo retracement.
Thanks for reading and if you like my work support me with a like or comment!
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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.