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Look for short setup in this consolidation zone
U.S. Dollar / Japanese Yen
Look for short setup in this consolidation zone
By dtsdude
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Updated
Jan 10, 2018
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Jan 9, 2018
UJ made a sharp move down. It is below the 50 SMA on the H4 time frame.
On the M30 time frame the market is consolidating in a small zone late this asian session.
Look for entry setups that offer good risk reward that can aim for the 112 area (previous support area)
Jan 10, 2018
Note
It's at the support area now.
I'm not interested in any new positions on this until it shows a clear break of support or a reversal
Trend Analysis
dtsdude
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