USDJPY to fall below 109.000
With proper setup short trade is a great reversal trade, and if it drops to under 108.000 but holds it is possible price is being either supported for or as a retracement downtrend (Can try use Fibonacci as recommended by me), otherwise will rise to downtrendline resistance.
The way I see the market is now ranging in the top, to fall either as a retracement for a breakout up or continuation of downtrend since it has formed a 1D triangle and right under the falling downtrendline.
Yet, the safer way of trading a confirmed reversal is if price drops below gray Midline (live chart) and 'TDI Pro indicates overbought at near below gray HighMidline as resistance.
The way I see the market is now ranging in the top, to fall either as a retracement for a breakout up or continuation of downtrend since it has formed a 1D triangle and right under the falling downtrendline.
Yet, the safer way of trading a confirmed reversal is if price drops below gray Midline (live chart) and 'TDI Pro indicates overbought at near below gray HighMidline as resistance.
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