USDJPY SELL

4 May 2017

So here we have a nice setup of USDJPY, we got a daily trendline who is well respected, we are now at the 0.618% of fibs level of the last downtrend, we are in a supply and demand zone, and the last bottom is lower than the first one so it show us the weakness of this pair. I didn't sell it right now I will wait to have a candelstick confirmation or a sign of life of the bears cause for now XXXJPY are weak and if JPY stay weak, I will cause a breakout of the pair. Like & follow me for more :)

4 May 2017

Not

***It will cause a breakout of the trendline***

4 May 2017

Not

And to add more credibilety, our RSI is OVERBROUGHT

8 May 2017

Not

SELL at my entry point