Hey traders,
As you can see today, USDJPY closed with a big bearish pinbar.
Price has reacted to this level 4 times in recent times, with price rejecting this level every time.
Technical analysis wise this looks like a potential double top chart formation.
On the MACD we also have bearish cross about to occur.
Simple price action, technical analysis and S/R leads to simple profits.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
As you can see today, USDJPY closed with a big bearish pinbar.
Price has reacted to this level 4 times in recent times, with price rejecting this level every time.
Technical analysis wise this looks like a potential double top chart formation.
On the MACD we also have bearish cross about to occur.
Simple price action, technical analysis and S/R leads to simple profits.
Daily trade analysis and ideas:
Telegram: t.me/Forexdojo
Facebook: facebook.com/FXShinobi
Twitter: forex_dojo
Instagram: instagram.com/jaylen.forex/
Website: forexshinobi.com
Tiktok: Forexshinobi
ForexShinobi
Trade active
Note
USDJPY dropped hard today. Trade firmly in profit right now. Let's get it
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.
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.