USD/JPY - Short Bias
Chart: 30 min time frame
Market: Bearish
1. Daily trend is bearish with price below 50 ema
2. Daily chart shows high test candlestick rejecting 50 EMA + res level @ 102.4
3. 1 Hour chart has price pulling back to 50 ema, and rejecting dynamic resistance (critical to my entry criteria)
4. Price rejecting trend line resistance on 30 min chart
Market: Bearish
1. Daily trend is bearish with price below 50 ema
2. Daily chart shows high test candlestick rejecting 50 EMA + res level @ 102.4
3. 1 Hour chart has price pulling back to 50 ema, and rejecting dynamic resistance (critical to my entry criteria)
4. Price rejecting trend line resistance on 30 min chart
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.