Short

TRADE OF THE WEEK | Top-Down Confirmation Trading 💰

Hey traders,

At the beginning of the year, we spotted a major rising trend line on USDJPY pair.
We were expecting a bearish movement from that after its test.

USDJPY: Overbought Market & Pullback 🇺🇸🇯🇵

Our confirmation was a descending triangle formation that was formed on a 4H time frame.
Its neckline bearish breakout was a trigger to open a short position.

So far 215 pips of pure profit gained and a further decline is expected.

Did you catch this move?

❤️Please, support this idea with like and comment!❤️

VasilyTrader

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Also on:

Related publications

GBPNZD: Classic Trend-Following Setup 🇬🇧🇳🇿

by VasilyTrader

NZDUSD: Time to Fall 🇳🇿🇺🇸

by VasilyTrader

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.