Except USDJPY to be bearish for 1st part of trading on Sunday the 21st. Noted on 15 minute chart are both Resistance and Support areas. Also, noted at around 99.872 is 1st bearish goal- once Support area is broke at 100.061.
As noted in another post, this bear is in a end of year Bearish trend, but for shorter trades like 15 minute chart, I will be trading chart patterns, trends, support and resistance areas- with knowledge that major pressure is downward. Last 15 minute candlestick was a DOJI or undecided one. On chart price action is making a FLAG pattern, once this is broken will continue downward to next support level. *Look at longer term charts for BIG picture and SMALL picture for trading.
As noted in another post, this bear is in a end of year Bearish trend, but for shorter trades like 15 minute chart, I will be trading chart patterns, trends, support and resistance areas- with knowledge that major pressure is downward. Last 15 minute candlestick was a DOJI or undecided one. On chart price action is making a FLAG pattern, once this is broken will continue downward to next support level. *Look at longer term charts for BIG picture and SMALL picture for trading.
