USDJPY Short
USDJPY is in a bearish trend, we're looking for further moves to the downside, we're still above the hourly and 4 hourly 50ma. we may have formed a head and shoulders, looking for price to retest previous lows.
Confluences -
daily lower low
daily evening star showing bearish momentum
head and shoulders
break of counter trend line
Confluences -
daily lower low
daily evening star showing bearish momentum
head and shoulders
break of counter trend line
Trade closed: target reached
TP hit of -0.618 fib
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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.