Mr_J__fx

USD/JPY -On its way to a Safe Short

Short
OANDA:USDJPY   Dollar Américain / Yen japonais
- We've seen USD/JPY uptrending for what will be
the fifth (5) consecutive Weekly Green Candelstick prints.
Some cool of may occurr in terms of price action,
further due for correction ?
Lots of Higher Highs levels as Support from below

Looking from the left,
a Weekly Supply Zone can be spotted ;
(you can refer it as a *W OB).
As well coinciding with the fact of approaching Resistance Trendline of
Ascending Channel Pattern (a.k.a Bearish Flag).

Short-Bearish case Opportunities are on its way for USD/JPY.
Bullish case would be the breakout of pattern through above average volume and the
Supply Zone being broken.
This would invalidate the Short Opportunities idea for $USD/JPY


Until the next one;
TRADE SAFE

*** NOTE that this is not Financial Advice !
Please do your own research and consult your own Financial Advisor
before even considering partaking on any Trading Acitivity based solely on this Idea.


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