USDJPY SELL BIAS
hi traders Dollar yen is at a very strong resistance level and checking the 4hr tf the buyers are already loosing their momentum to the upside and the 4hr candle has started to diminished which means that sellers can step in at any time, what you have to look out for as a trader is for market to drop below 149.199... Another thing i want you to look out for is that the trendline is sloppy and when you see a sloppy trendline its shows the price might breakout of the trendline soon
my first target if breakout is 144.680 and final tp is 137.810
The trade will be invalidated if break and close above 150.00
Goodluck, trade safe
hi traders Dollar yen is at a very strong resistance level and checking the 4hr tf the buyers are already loosing their momentum to the upside and the 4hr candle has started to diminished which means that sellers can step in at any time, what you have to look out for as a trader is for market to drop below 149.199... Another thing i want you to look out for is that the trendline is sloppy and when you see a sloppy trendline its shows the price might breakout of the trendline soon
my first target if breakout is 144.680 and final tp is 137.810
The trade will be invalidated if break and close above 150.00
Goodluck, trade safe
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.