USDJPY short

Watch for a potential downward breakout.
Everything should be explained on the chart.

Ichimoku Kinko Hyo was used to view the chart on a larger scale.
- on the Daily chart, the price broke through the negative Kumo indicating a down trend, also, on November 25, the Tenkan-Sen passed below the Kijun-sen below the cloud with a leading bearish Kumo. There was also a Kijun Cross below the cloud as well. These are all indications of a short, big sell-off coming soon. Be patient.

Well, hopefully.

Note

Leading kumo currently bullish, CMF still below 0.00, the price is following accordingly although it hadn't pushed up as high as I wished it would. Next stop will most likely be to test the support which will give a chance to break through. If the test is successful, the trade should be initiated with the given SL and TPs.

Chill for the time being.

Note

seems to be a small breakout along the resistance, quickly reversed and began to drop again.

Note

we're at the resistance, watch for a breakout and enter!

Note

huge bounce wow. but still in the clear

Transaction en cours

Trade started

Transaction en cours

Price bounced off the previous support, now resistance and falling steadily.

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