i will be looking for sell via the hourly timeframe, or sell from 15mins structure.. sellers in control
On the 4HTF a shooting star(bearish pin bar is formed) and on the one hour chart a bearish engulfed candlestick has been formed...looking for a short down to the 50M.A ....or maybe to the supports ....
If the market hits 114.971 we looking to hit the next resistance and I will open a buy order but of it fall below the market price to 114.750 I'm looking into a long sell to the nearest supports zone don't panick...the JPY is trying to consolidate and the market doesn't know what it has.....
we might see this currency selling off to the nearest supporting zone after the Holiday After making a bullish run....it time for it to make a correction..."NAFA" I'll be giving details stop loss and entry in my next publication