An opportunity to slide down into profits with a short
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My charts are looking kind short this week coming up. That's pretty much what I'm seeing here. USDJPY broke a new high and with that it has now formed a swing high and from what I believe is a premium. Under these conditions it appears to be highly over bought and looks like its headed down for a re-trace on the higher timeframe. Its a good opportunity for those who like to trade this and hold for a few days. At the end of the day this is my opinion and I would definitely urge you to look for yourself. Welp gonna prepare for the next trading week!!!!
Note
You can see that the market has started drawing down to the sell side. And refused to trade past that previous swing high.
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