DenisRisticFX

Short USDJPY on rallies to trade with the HTF trend.

FX:USDJPY   U.S. Dollar / Japanese Yen
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.
Supply and Demand is everything in this business.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out