Hi guys,
USDJPY has recently broken the ascending trend line which was respecing for a while now. I'm expecting to this pair to push further down in coming days. For now I'm looking to retest the resistance level again before falling towards my target profit 1. At the resistance level I'll be looking for a bearish entry reason to go short. This is pending sell order I have marked the tp and sl for you as well.
Let me know your thoughts.
The trade is only valid if it retests the resistance level with a bearish engulfing candle. It could even be on a smaller time frame (ex 1h).
Trade safe and good luck.
Cheers
B
USDJPY has recently broken the ascending trend line which was respecing for a while now. I'm expecting to this pair to push further down in coming days. For now I'm looking to retest the resistance level again before falling towards my target profit 1. At the resistance level I'll be looking for a bearish entry reason to go short. This is pending sell order I have marked the tp and sl for you as well.
Let me know your thoughts.
The trade is only valid if it retests the resistance level with a bearish engulfing candle. It could even be on a smaller time frame (ex 1h).
Trade safe and good luck.
Cheers
B
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