potential short on USDJPY
Hey traders
Here we have a potentially nice setup forming.
Price has reversed within the 50.0% & 61.8% fib retracement.
Price has reversed on previous structure formed earlier this month.
Multiple lower lows and lower highs forming.
MA lines have crossed showing a change in trend on the hourly chart.
RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish.
I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours.
So potentially enter around:112.75
TP1: 112.00
TP2: 110.00
SL: 113.50
Good luck traders, let me know your thoughts.
Plan your trade, trade your plan.
Here we have a potentially nice setup forming.
Price has reversed within the 50.0% & 61.8% fib retracement.
Price has reversed on previous structure formed earlier this month.
Multiple lower lows and lower highs forming.
MA lines have crossed showing a change in trend on the hourly chart.
RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish.
I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours.
So potentially enter around:112.75
TP1: 112.00
TP2: 110.00
SL: 113.50
Good luck traders, let me know your thoughts.
Plan your trade, trade your plan.
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.