USDJPY Short Opportunity on 4H timeframe
USDJPY rejected from Daily Resistance and now consolidating inside the Supply Zone below the Daily Resistance.
The candles have formed a higher high, whereas the AO indicator has formed a lower high which is an early sign of divergence/reversal.
I'm expecting a drop into the next consolidation area since there is a nice clean bullish momentum on the left.
The candles have formed a higher high, whereas the AO indicator has formed a lower high which is an early sign of divergence/reversal.
I'm expecting a drop into the next consolidation area since there is a nice clean bullish momentum on the left.
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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.