Hi there,
USDJPY is struggling at the daily top and forming very nice bearish price action for longer term drop. This is short term setup but if fall is going to be very sharp then you can hold sell for longer term.
How you can trade on this chart.
1. Sell the breakdown
Or
2. Wait for the price to hit the previous high then look for sell from top.
In case price keeps pushing higher and close above then it will change the sell setup.
Please support the setup with your likes, comments and by following on Trading View thanks
Good Luck
USDJPY is struggling at the daily top and forming very nice bearish price action for longer term drop. This is short term setup but if fall is going to be very sharp then you can hold sell for longer term.
How you can trade on this chart.
1. Sell the breakdown
Or
2. Wait for the price to hit the previous high then look for sell from top.
In case price keeps pushing higher and close above then it will change the sell setup.
Please support the setup with your likes, comments and by following on Trading View thanks
Good Luck
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Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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.
For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
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.