2 Potential USD/JPY Short Setup_2017.12.01
While the Daily Chart shows the market is still in a range between 108.40 and 114.20 level, the H4 Chart show 2 potential short setups for this pair:
1st Setup > if price bounce back to area between 112.50-112.65
2nd Setup > if price bounce back (extended) to 113.00-113.25
Remember, wait for significant Bearish trigger first before taking Short position on each of the above potential setup.
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.