USDJPY Bearish Trend Continuation Setup
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USDJPY reversed from a supply & demand zone that lined up with a 78.6 Fibonacci ratio and break out of the black counter trend line.
The price also making a series of i-ii, (1), (2) Elliot Wave sequence which indicates a potential sell-off in wave (3) of iii.
I'm patiently waiting for this market to commit to me by setting up sell stops order at the green lines on the chart while my invalidation level for this bearish scenario is the red line on the chart.
What's your view on USDJPY? Kindly let me know in the comment.
Regards,
Veejahbee.
USDJPY reversed from a supply & demand zone that lined up with a 78.6 Fibonacci ratio and break out of the black counter trend line.
The price also making a series of i-ii, (1), (2) Elliot Wave sequence which indicates a potential sell-off in wave (3) of iii.
I'm patiently waiting for this market to commit to me by setting up sell stops order at the green lines on the chart while my invalidation level for this bearish scenario is the red line on the chart.
What's your view on USDJPY? Kindly let me know in the comment.
Regards,
Veejahbee.
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