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jojofang0901
Jun 28, 2021 7:27 PM

USDJPY Expect Short Term Sell Setups  Short

USD/JPYOANDA

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Hi traders:

Most of the USD and JPY are looking to continue the strength,
and looking at USDJPY's price action, I am more leaning towards the JPY strength to lead to a sell potential.

We can see that price is now forming a potential double tops, together with the ascending channel correcting to the previous highs.

we could see price forming the "M" style reversal structure, and expecting the bearish price action to breakout from the channel and continue.

Personally I would be patient here, and wait for price to break down first impulsively,
and follow by continuation correction on the lower time frame for the entry down to previous lows.

thank you


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Comments
KlejdiCuni
Great work my friend!
jojofang0901
@KlejdiCuni thx bro
financialflagship
Excellent setup, thanks for the heads-up. 🙌
jojofang0901
@financialflagship your welcome thx
Babenski
keep up the good work
jojofang0901
@Babenski will do you as well
FieryTrading
Amazing update, thanks🔥
jojofang0901
Trader_OMS
and I think
SignalProvider
I would be selling from this support
Well done!
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