We are looking at shorting the USDJPY from the Weekly Central Pivot Point on a show of weakness, and if that fails then we have a backup in the form of our Weekly M3 zone.
This is a typical sell zone in a downtrend, and we also have a confluence of factors at play here.
We will not be entering this trade until we see a reason for entry at one of these levels.
Bon chance!
This is a typical sell zone in a downtrend, and we also have a confluence of factors at play here.
- 110.00 even handle
- Weekly M3 sell zone
- Bearish Bat pattern completion
- Major structure support/resistance
We will not be entering this trade until we see a reason for entry at one of these levels.
Bon chance!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.