USDJPY correction within correction

Hi traders:

USDJPY is looking very promising for further short opportunities.

We see a strong bearish move from the recent double tops, and price begins to form a correction, signalling a continuation could happen.

When we drop down to lower time frame, we see a smaller correction in developing as well, further adding good confluence to a sell.

Wait for lower time frame correction to finished and look for short opportunities, at least to the recent lows, and we can see if price will have momentum to break lower.

Thank you

Yorum:

Yorum:

Price broke out of the lower time frame correction, monitor what the price will do when reaching the previous lows.