Don't be fooled by reversal candlesticks this pair BULLISH

OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY may be slowing down in pertaining to bullish momentum, but a few other things need to happen for a short. A correction trendline has already been broken which is the first sign. The following must occur on the intraday 4H timeframe for me to short. I need to see a Lower low along with the moving average crossover to the downside. then a retest to the neckline and providing indecisiveness and volatility on the 1H. My first target for any shorts will be the major 38.2 PRZ level. Because this pair is massively bullish, all targets for buys are locked in at -27% then then next daily resistance since price is creating record highs.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.