Short-usdjpy
USDJPY CHART SPEAKS FOR ITSELFChart Speak. UDJPY we may see a drop coming as the price may get to the supply zone and fall from there. There is also a possibility that we will see a retest of the daily trendline and then if rejected we will be looking to enter short from there. However I will be monitoring this pair. This is just a idea.
USD/CHF about to continue the downside move. By ThinkingAntsOk4H CHART EXPLANATION:
Price broke the Ascending Trendline and it has been consolidating on an horizontal channel. Last week, it bounced on a Major Resistance Zone and showed a strong rejection. We are waiting for a break of the Support Zone to take short positions.
DAILY CHART EXPLANATION:
USD/JPY Fibonacci - ShortSupport and resistance are clearly defined. Fibonacci indicates strong resistance at level 0.618. on the 45-Min Timeframe. Waiting to see what candlestick shows next.
Question: Would this be considered a double top?
Key Points:
- Support and Resistance
- Fibonacci indicator
- Down Trend