Pair Name : USD JPY
Time Frame : 1HR
Scale Type : Large
price has broken structure to the downside on the 30 min after and is now trading at a 4hr resistance area and waiting for confirmation formations on the lower time frames
reason for trade
Price trading at 4hr resistance
price has made a significant retracement into the 61.80 area
waiting for bearish formation on the lower time frame
also there has been no significant movement after FOMC so I am assuming large volume will be coming into the market soon hence don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
Time Frame : 1HR
Scale Type : Large
price has broken structure to the downside on the 30 min after and is now trading at a 4hr resistance area and waiting for confirmation formations on the lower time frames
reason for trade
Price trading at 4hr resistance
price has made a significant retracement into the 61.80 area
waiting for bearish formation on the lower time frame
also there has been no significant movement after FOMC so I am assuming large volume will be coming into the market soon hence don't trade without a stop loss ALWAYS MANGE RISK!!!!!!!!
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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.