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USDJPY Warming up for a stop run and then DUMP

141
The Samurai are planning a surprise attack on Dixie.
So we have:

- A few highs resting just below a significant breaker (or just plain broken support that should now be resistance), creating a liquidity pool just above them (everyone who went short around this level now probably has their stops above that high.

- Void left by the inefficient move down

- Confluence with DXY since it broke some lows recently, making it more bearish .

- The breaker I outlined above falls right on the .705 fib retracement for this whole move.

This makes it a perfect candidate for a short play once it reaches that .705 level.

I can see two targets here with decent R/R ratios, marked on the chart.

Original idea by Svarog https://www.tradingview.com/chart/USDJPY/pjAhiZxC-USDJPY-Warming-up-for-a-stop-run-and-then-DUMP/

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.