USDJPY Thesis
- Weekly: Although last weeks candle closed as a spinning top signalling indecision, the overall market is still bearish with candle closing below 107.850.
- Daily: To confirm bearish analysis on weekly TF head & shoulders pattern has formed, now break below 107.850 has confirmed market can move lower to 106.800.
- 4hr: Huge shooting star candle formed at 107.850 signalling that UJ could sell off from this zone to 106.800 forming new low.
Trade active
Trade closed: stop reached
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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.