USDJPY Reversal Pattern - Turning BEARISH? 3 Options For Entry!
Hi All,
As you can see, I am bearish on USDJPY.
I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term.
Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells!
I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you.
Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair!
Have a great and profitable week all!
Cheers,
Gaspar_Trader
As you can see, I am bearish on USDJPY.
I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term.
Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells!
I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you.
Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair!
Have a great and profitable week all!
Cheers,
Gaspar_Trader
Trade closed: stop reached:
Stop loss reached
L.G
