USDJPY on selling pressure
USDJPY is on long term uptrend but short term possible for downtrend. The chart shows USDJPY is on selling pressure, it couldn't push the chart upward. We use this advantage to go for short. Best entry is when entering short after it breaks its support and form new bearish engulfing candle or bearish pattern. Wait for its retest and enter short. It having very good risk to reward ratio. Please use proper money management and don't use more than 2% of your balance. It also having slight upward possible movement when it breaks it trendline on top and retest on it. Watch out guys, good luck.
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.