USDJPY BEARISH SELL OPPORTUNITY
Updated
Upon reviewing weekly and daily timeframes it appears we are currently in a bearish market; making lower lows and lower highs. At this time we should only be concentrated on sell opportunities. We will monitor intraday timeframes such as 4 hour and 1 hour in order to execute a sell position. The best possible course of action would be to wait for a retrace on lower timeframes in order to maximize reward and minimize risk.
All significant levels of support/resistance have been identified and marked. We will monitor this pair until a favorable sell opportunity appears, will provide updated detailed chart soon. Happy trading, cheers from Texas
All significant levels of support/resistance have been identified and marked. We will monitor this pair until a favorable sell opportunity appears, will provide updated detailed chart soon. Happy trading, cheers from Texas
Trade active
Upon analyzing this morning it appears that price has retraced and could possibly set a lower high; giving us the opportunity to enter with sell opportunities. We will analyze intraday timeframes such as 30M and 1H in order to identify a break of structure before any sell opportunities are presented.
Happy trading team
Trade active
Price has made a lower high on higher timeframes and is on a bearish structure on lower timeframes. I am expecting price to reach our target zone.
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