USDJPY. SELL ZONE
In my opinion, we are in the perfect situation to sell.
I recommend to sell now half of the total position and the other 50% sell it when it breaks the upward trend in the lower TF. I used to take this strategy when i want to make sure i am in the correct trend of the market to invest all the trade.
We are right in touching the high part of the downtrend so it is a good time to see drops towards the lower trendline of the descending triangle.
Another point in favor of the sale is that the candlestick patterns in the one-hour TF are very bearish.
I recommend to sell now half of the total position and the other 50% sell it when it breaks the upward trend in the lower TF. I used to take this strategy when i want to make sure i am in the correct trend of the market to invest all the trade.
We are right in touching the high part of the downtrend so it is a good time to see drops towards the lower trendline of the descending triangle.
Another point in favor of the sale is that the candlestick patterns in the one-hour TF are very bearish.
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.