Basically after the BOJ decided to increase the interest rate we have seeing the yen gaining strength again the dollar and break bellow the weekly support and now price is testing it as resistance, daily and H4 we see a nice respect of market structure to downside continuation and H1 we clearly see price respecting the 50% fib level, and broke the counter trendline and in confluence with triple test. which give is more momentum to push down
Nice risk to reward
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Nice risk to reward
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Yorum:
After positive GBP news on dollar we see a rally to upside, still we looking for a sell off, if the price doesnt break the resistance level, wait for weakness on candlestick and reversal pattern before entry
