Yen pairs could be primed for a drop Short

British Pound/Japanese YenFXCM

Description

⋅ Apr 29, 2021 2:06 PM

All yen pairs could be ready to reverse.

Look to lower TF's for bearish confirmation, (me personally preferably 1h or 30m).

We need a break of trendline and a break of support, retest and bearish confirmation.

Ones to watch guys.

Trend Analysis Trend Lines

Comments

rolanvarez

⋅ Apr 30, 2021 9:48 AM

Did you sell on those 4 pairs?

stoko29

⋅ Apr 30, 2021 2:09 PM

@rolanvarez, Hi mate, no i haven't yet as the market has moved rather slowly today. I need a LL and a LH to form. Preferably a nice LH on the yellow structure line, with good bearish price action to give me a good entry. Patiently waiting for the right time to strike.