USDJPY Short
Analysed as far back as 10th December to identify current market setups
Market is in a clear long term bearish setup but short term sells.
Awaiting on confluence based on:
Fib zones (seen by green lines)
Support zones (Seen by green lines)
Candlestick pattern (awaiting buyers in the market)
Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
Market is in a clear long term bearish setup but short term sells.
Awaiting on confluence based on:
Fib zones (seen by green lines)
Support zones (Seen by green lines)
Candlestick pattern (awaiting buyers in the market)
Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries.
Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
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