Optimum369

20 REASONS FOR SELL USDJPY

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: a bullish trap and, after it, a solid inside candle
2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend
3:📅Weekly: choch and fresh high market going down, forming a low
4:🕛Daily: the price is near to prices support a sharp fall

😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: dearish inner
6: 2 Pattern Candle Chart: long wick
7: 3 Volume: good volume at the bearish candle
8: 4 Momentum UNCONVENTIONAL Rsi: super bearish zone
9: 5 Volatility measure Bollinger bands: walking on the band
10: 6 Strength ADX: sharp bear dmi up,
11: 7 Sentiment ROC: jpy stronger

✔️ Entry Time Frame: h1
12: Entry TF Structure: right now is bearish,
13: entry move: impulsive
14: Support resistance base: h4 d1
15: FIB: trigger event done
wait for the trend line breakout
☑️ final comments: sell at the opening
16: 💡decision: sell
17: 🚀Entry: 130.604
18: ✋Stop losel:131
19: 🎯Take profit:128.800
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 2 days

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