Short USDJPY on rallies to trade with the HTF trend.
Price Altitude: Middle
Daily Trend: Down
4H Trend: Range
Analysis: Price came off an old daily supply (noted in the previous post) and has moved to continue its way lower. Supply side is in control at the moment.
Prediction: Continue its way lower due to re-alignment with the daily down trend.
Price Points of Interest:
4h Supply @ 111.219
4h Supply @ 110.870
4h Demand @ 109.648
4h Demand @ 108.822
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.
Daily Trend: Down
4H Trend: Range
Analysis: Price came off an old daily supply (noted in the previous post) and has moved to continue its way lower. Supply side is in control at the moment.
Prediction: Continue its way lower due to re-alignment with the daily down trend.
Price Points of Interest:
4h Supply @ 111.219
4h Supply @ 110.870
4h Demand @ 109.648
4h Demand @ 108.822
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure. Fortune favours the bold.