Bias Bearish
Fundamental
USD intend to reduce interest rate and bearish data.
JPY plans to increase interest rate caused bullish momentum
Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price formed a double top / descending triangle pattern. And price broken out of that level and headed lower.
Short set up
Short trade at H1 broken support level. SL above the swing high of double top pattern. TP targeting the next lower Daily S/R level
Fundamental
USD intend to reduce interest rate and bearish data.
JPY plans to increase interest rate caused bullish momentum
Price has break through the Daily SR level. Price is extreme bearish. In the Daily S/R level, lower TF H1, price formed a double top / descending triangle pattern. And price broken out of that level and headed lower.
Short set up
Short trade at H1 broken support level. SL above the swing high of double top pattern. TP targeting the next lower Daily S/R level
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.
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.