High Probability for Profit in USDJPY
Hello Fellow Traders, Greetings!
USD Index indicates that bearish sentiment still going and in control. No signs of Bullish waking up at the moment.
Price break my lower TL channel, another indications for Bearish Movement. RSI traded at below 50% level (+1 Bear). That should be enough signs to compass my next trade.
recently price rejected the supply zone that i marked. Bearish CSs continue to form.
Waiting confirmation:
1. break support 107.45
2. RSI below 50%
3. Observation (additional) - price break lower TL , same movement as DXY.
4. Observation (additional) - price ranging/sideways. waiting for breakout. My vote is still on bearish.
#TF all in 4H
USD Index indicates that bearish sentiment still going and in control. No signs of Bullish waking up at the moment.
Price break my lower TL channel, another indications for Bearish Movement. RSI traded at below 50% level (+1 Bear). That should be enough signs to compass my next trade.
recently price rejected the supply zone that i marked. Bearish CSs continue to form.
Waiting confirmation:
1. break support 107.45
2. RSI below 50%
3. Observation (additional) - price break lower TL , same movement as DXY.
4. Observation (additional) - price ranging/sideways. waiting for breakout. My vote is still on bearish.
#TF all in 4H
Everybody has a plan until they get punched in the face
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.