USDJPY D1 ANALYSIS - GIGANTIC BEARISH PINBAR
Updated
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:
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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
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