USDJPY Short bias
Short bias on USDJPY
It broke the daily trendline, waiting for retest at two possible points:
1. Resistance on 15m timeframe and daily pivot level.
2. Between 0.5 and 0.618 fibonacci retracement.
I see possibilities of reaching 141.50
Always wait for confirmation before entering any position.
Good luck!
It broke the daily trendline, waiting for retest at two possible points:
1. Resistance on 15m timeframe and daily pivot level.
2. Between 0.5 and 0.618 fibonacci retracement.
I see possibilities of reaching 141.50
Always wait for confirmation before entering any position.
Good luck!
Trade closed: target reached
USDJPY beautifully retested the first idea:--> Resistance on 15m timeframe and daily pivot level).
Entry at second short candle, 133 pips gain!
Happy Trading!
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.