USDJPY SHORT

9 nov. 2019

We're seeing what looks to be the end of a correction on the much higher timeframes(D). With the divergence on the 4H implying weakness in the bulls which could mean the continuation of the overall trend downward soon. The Fib retracement is exceptionally accurate in this scenario so if price breaks through the trendline and or .236 level go short. However, as always with JPY pairs the price can stall for incredibly long periods of time so if you short get out with profit because the possibility of the continuation of the uptrend until the next major resistance level is always looming. TLDR: Enter on .236 or Trendline break. Exit will depend on candle analysis.